ZEFFIRO v. FIRST PENNSYLVANIA BANK, N.A.

Civ. A. Nos. 78-3294, 78-4316.

566 F.Supp. 1391 (1983)

Jay A. ZEFFIRO v. FIRST PENNSYLVANIA BANK, N.A. v. CAPITAL FIRST CORPORATION, et al. Harry M. BERNARD, Jr. v. FIRST PENNSYLVANIA BANK, N.A., et al. v. CAPITAL FIRST CORPORATION, et al.

United States District Court, E.D. Pennsylvania.

July 5, 1983.


Attorney(s) appearing for the Case

Richard A. Finberg, Michael P. Malakoff, Pittsburgh, Pa., Abraham C. Reich, Philadelphia, Pa., Joseph W. Anthony, Minneapolis, Minn., for plaintiff.

Edward F. Mannino, Mark J. Levin, Philadelphia, Pa., for First Pennsylvania Bank.

Alexander Kerr, Philadelphia, Pa., for Capital First Corp.

Edward M. Dunham, Jr., Philadelphia, Pa., for Philip M. Comerford, Harmon S. Spolan & Spector Cohen Gadon & Rosen.

Neil E. Jokelson, Philadelphia, Pa., for C. Lawrence Rutstein.

Arthur J. Schwab, Pittsburgh, Pa., Christopher K. Walters, Philadelphia, Pa., for Edward E. Cohen.

Richard M. Jordan, Philadelphia, Pa., for Robert C. Arthurs & Babbitt, Meyers & Co.

Barry S. Augenbraun, Philadelphia, Pa., for Laventhol & Horwath.


MEMORANDUM

BECHTLE, District Judge.

This is a class action suit against an indenture trustee, First Pennsylvania Bank, N.A. (the "Bank" or "First Pennsylvania"), for breach of fiduciary duty under the Trust Indenture Act of 1939, 15 U.S.C. § 77aaa et seq. On April 25, 1983, the Court entered an Order granting summary judgment in favor of third-party defendant Spector, Cohen, Gadon & Rosen ("SCG & R") and against third-party plaintiff...

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