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LAND OF LINCOLN SAV. & LOAN v. PARR SECURITIES CORP.

85 Civ. 3441 (EW).

610 F.Supp. 265 (1985)

LAND OF LINCOLN SAVINGS AND LOAN, Plaintiff, v. PARR SECURITIES CORP., et al., Defendants.

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

June 10, 1985.

Attorney(s) appearing for the Case

Bernstein Litowitz Berger & Grossman, New York City, Hogan & Hartson, Washington, D.C., for plaintiff; Max W. Berger, Daniel L. Berger, New York City, Sherwin J. Markman, John C. Keeney, Jr., Martha L. Roadstrum, James G. Middlebrooks, Washington, D.C., of counsel.

Gaston Snow Beekman & Bogue, New York City, for defendants Sec. Pacific Clearing & Services Corp.; Catherine A. Ludden, of counsel.

EDWARD WEINFELD, District Judge.

Plaintiff Land of Lincoln Savings & Loan ("Land of Lincoln") seeks to recover, inter alia, three "Freddie Mac" and five "Ginnie Mae" certificates totalling $3,780,000 allegedly registered in its name and previously held for safekeeping by its custodian, defendant Parr Securities Corp. ("Parr"). Plaintiff claims that Parr wrongfully transferred the eight certificates to co-defendant Security Pacific Clearing & Services Corp...

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