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MATTER OF BANK DEPOSITORS LITIG.

145 Misc.2d 620 (1989)

In the Matter of East New York Savings Bank Depositors Litigation. Rita Wechsler et al., Plaintiffs, v. Paul B. Murray et al., Defendants.

Supreme Court, New York County.

August 18, 1989

Attorney(s) appearing for the Case

Arnold & Porter for First Empire State Corporation and another, defendants. Willkie Farr & Gallagher for Paul B. Murray and others, defendants. Richard Appleby for Rita Wechsler, plaintiff. Abbey & Ellis for Audrey Blackman, plaintiff. Berger & Montague, P. C., for Michael Gerard, plaintiff. Wolf, Popper, Ross, Wolf & Jones for Morris Lewinter, plaintiff. Lowey, Dannenberg & Knapp, P. C., for Vivian Rosenwald, plaintiff. Pomerantz Levy Haudek Block & Grossman for Salvatore D. Frosina, plaintiff. Robert Abrams, Attorney-General, for New York State Banking Dept., amicus curiae.

IRA GAMMERMAN, J.

This motion is brought to dismiss the consolidated class action complaint brought by individual depositors of defendant East New York Savings Bank (East New York), objecting to the recent conversion of East New York from a mutual savings bank to a stock corporation and its subsequent merger with defendant First Empire State Corporation (First Empire). It is plaintiffs' contention that they...

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