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MORGAN STANLEY & CO. v. JP MORGAN CHASE BANK

No. 06 Civ. 121(DAB).

645 F.Supp.2d 248 (2009)

MORGAN STANLEY & CO. INC., Cross-Claim Plaintiff, v. JP MORGAN CHASE BANK, N.A., Cross-Claim Defendant.

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

August 11, 2009.

Attorney(s) appearing for the Case

Ona T. Wang, Baker & Hostetler LLP, Theodore R. Snyder, Krebsbach & Snyder, P.C., William Francis Kuntz, II, Baker & Hostetler LLP, New York, NY, Paul Gordon Thomas, Victor Olds, Morgan Stanley DW Inc., Purchase, NY, for Cross Claimant.

James J. Coster, Joshua M. Rubins, Satterlee Stephens Burke & Burke LLP, New York, NY, for Cross Defendant.

ORDER

DEBORAH A. BATTS, District Judge.

Burson-Marsteller, LLC ("Burson") is a public relations firm that, in March 2004, made a payment of $775,000 to Column Financial ("Column") for its monthly rent. (Compl. ¶¶ 1, 3.) At all times relevant to this action Burson paid their monthly rent checks directly to a "lockbox" operation at JP Morgan Chase Bank, N.A. (Am. Cross-cl. ¶ 7.) At a hearing before this Court the Parties represented that...

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