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BRADFORD SEC., ETC. v. COUNTY FED. SAV. & LOAN

Civ. A. 76 Civ. 1709 (KTD).

474 F.Supp. 957 (1979)

BRADFORD SECURITIES PROCESSING SERVICES, INC., Plaintiff, v. COUNTY FEDERAL SAVINGS AND LOAN ASSOCIATION, as successor to the First Federal Savings and Loan Association of Utica, New York, Defendant.

United States District Court, S. D. New York.

August 15, 1979.

Attorney(s) appearing for the Case

LeBoeuf, Lamb, Leiby & MacRae, New York City, for plaintiff by Taylor R. Briggs, Eric H. Moss, New York City.

Gainsburg, Gottlieb, Levitan & Cole, New York City, for defendant by Richard J. Rubin, Nathan Silverman, New York City.

LUMBARD, Circuit Judge:*

Bradford Securities Processing Services, Inc., sues County Federal Savings and Loan Association under § 10(b) of the 1934 Securities Act, and Rule 10b-5 promulgated thereunder, for fraud in connection with a series of municipal bond transactions.1

Plaintiff is the successor to Securities Processing Services, Inc., (SPS), a securities clearing agency founded in 1970 to provide...

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