District Court, S.D. New York January 5, 1972, 70 Civ. 4876 (American Bank & Trust Co. v. Barad Shaff Securities Corp.)

GURFEIN, District Judge.

This is a set of two motions to dismiss the amended and supplemental complaint, both pursuant to Rule 12(b)(1) and (6) of the Federal Rules of Civil Procedure on the grounds that: (1) the Court lacks jurisdiction of the subject matter of the action by reason of the plaintiff’s lack of standing; and (2) the complaint fails to state a claim upon which relief can be granted.