JOY v. NORTH

Civ. No. B-77-385.

519 F.Supp. 1312 (1981)

Athalie Doris JOY, Plaintiff, v. Nelson L. NORTH, et al., Defendants.

United States District Court, D. Connecticut.

August 10, 1981.


Attorney(s) appearing for the Case

Arthur A. Hiller, A. Reynolds Gordon, Gordon & Hiller, Bridgeport, Conn., for plaintiff.

John S. Murtha, John C. Yavis, Jr., Francis J. Brady, Murtha, Cullina, Richter & Pinney, Hartford, Conn., for Conn. Financial Services Corp.

Doris B. Shiller, D. S. Maclay, Marsh, Day & Calhoun, Bridgeport, Conn., for Conn. Financial Services Corp. and Citytrust.

William S. Secor, Jr., Donald McPartland, Waterbury, Conn., James L. Ackerman, Hartford, Conn., for Kellogg and Miller.

Peter K. Leisure, Whitman & Ransom, New York City, Richard F. Lawler, Whitman & Ransom, Stamford, Conn., for Nelson North.

J. Daniel Sagarin, William B. Barnes, Harrigan, Hurwitz, Sagarin & Rutkin, Milford, Conn., Neil P. Coughlan, Day, Berry & Howard, Hartford, Conn., for P. Sagarin.


MEMORANDUM OF DECISION

EGINTON, District Judge.

This shareholder's derivative action was instituted in 1977 on behalf of Citytrust Bancorp., Inc., (then known as Connecticut Financial Services Corporation), against numerous officers and directors of Bancorp and its wholly owned subsidiary Citytrust (collectively, the "Corporations"). Plaintiff alleges that the defendants violated the National Banks Act, 12 U.S.C. § 21 et seq., and common law...

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