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PUBLIC SERV. CO. OF COLO. v. CHASE MANHATTAN BANK

No. 78 Civ. 4697 (JEL).

577 F.Supp. 92 (1983)

PUBLIC SERVICE COMPANY OF COLORADO, Plaintiff, v. The CHASE MANHATTAN BANK, N.A., Defendant.

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

Supplemental Opinion December 8, 1983.

Attorney(s) appearing for the Case

Reid & Priest by John M. Nonna, New York City, for plaintiff.

Milbank, Tweed, Hadley & McCloy by Michael J. Levin, New York City, for defendant.

OPINION

LUMBARD, Circuit Judge:*

Plaintiff, the Public Service Company of Colorado (PSCC), brought this diversity action against The Chase Manhattan Bank in 1978. PSCC charges that Chase breached its fiduciary obligations as trustee for PSCC's pension fund—that Chase negligently monitored a mortgage investment it had made on behalf of PSCC and sixteen other pension funds. Consequently, Chase was unable to bring an overall...

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