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NORTHERN TRUST CO. v. CHASE MANHATTAN BANK, N.A.

No. 82 Civ. 0215 (IBW).

582 F.Supp. 1380 (1984)

The NORTHERN TRUST COMPANY, Plaintiff, v. The CHASE MANHATTAN BANK, N.A., Defendant.

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

March 23, 1984.

Attorney(s) appearing for the Case

Cravath, Swaine & Moore, New York City, for plaintiff; Michael Spencer, John Gleeson, New York City, of counsel.

Andrew S. O'Connor, New York City, for defendant; Laura Effel, Marianne Popiel, New York City, of counsel.

OPINION

WYATT, District Judge.

This is the decision after a trial to the Court without a jury, no demand having been made for a jury.

The action was brought by The Northern Trust Company ("Northern"), an Illinois corporation with its principal place of business (banking) in Chicago. The defendant is The Chase Manhattan Bank, N.A. ("Chase"), a national banking association with its principal place of business (banking) in the City of New York. There...

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