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CHEMICAL BANK v. ARTHUR ANDERSEN & CO.

No. 109, Docket 83-7290.

726 F.2d 930 (1984)

CHEMICAL BANK, Plaintiff-Appellee, v. ARTHUR ANDERSEN & CO., Defendant-Appellant. MANUFACTURERS HANOVER TRUST COMPANY and First Pennsylvania Bank, N.A., Plaintiffs-Appellees, v. ARTHUR ANDERSEN & CO., Defendant-Appellant. SECURITY PACIFIC NATIONAL BANK, Plaintiff-Appellee, v. ARTHUR ANDERSEN & CO., Defendant-Appellant.

United States Court of Appeals, Second Circuit.

Decided January 20, 1984.

Attorney(s) appearing for the Case

Peter Gruenberger, Weil, Gotshal & Manges, New York City, for plaintiffs-appellees Manufacturers Hanover Trust Co., First Pennsylvania Bank, N.A. and Security Pacific Nat. Bank.

Patterson, Belknap, Webb & Tyler, New York City, for plaintiff-appellee Chemical Bank.

Edward J. Ross, New York City, Breed, Abbott & Morgan, New York City, and Wilson & McIlvaine, Chicago, Ill., for defendant-appellant Arthur Andersen & Co.

Before FRIENDLY, VAN GRAAFEILAND and MESKILL, Circuit Judges.

FRIENDLY, Circuit Judge:

Arthur Andersen & Co. (Andersen) appeals, pursuant to 28 U.S.C. § 1292(b), from so much of an order of Judge Goettel in the District Court for the Southern District of New York, 552 F.Supp. 439 (1982), as denied its motion to dismiss the claims alleging violations of the federal securities laws in three actions brought by four commercial banks1 which had made loans...

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