Fed. Sec. L. Rep. P 98,723 Securities and Exchange Commission v. The Seaboard Corporation, Etc., Admiralty Fund the Admiralty Fund Growth Series Litigation Trust and the Admiralty Fund Insurance Series Litigation Trust the Income Fund of Boston, Inc. The Income Fund of Boston, Inc. Litigation Trust Seaboard Leverage Fund, Inc. The Seaboard Leverage Fund Litigation Trust, Cross-Claimants/appellants v. City National Bank, Cross-Defendant/appellee

677 F.2d 1315 Fed. Sec. L. Rep. P 98,723 SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. The SEABOARD CORPORATION, etc., et al., Defendants. ADMIRALTY FUND; the Admiralty Fund Growth Series Litigation Trust and the Admiralty Fund Insurance Series Litigation Trust; the Income Fund of Boston, Inc.; the Income Fund of Boston, Inc. Litigation Trust; Seaboard Leverage Fund, Inc.; the Seaboard Leverage Fund Litigation Trust, Cross-Claimants/Appellants, v. CITY NATIONAL BANK, Cross-Defendant/Appellee. No. 79-3822. United States Court of Appeals, Ninth Circuit. Argued and Submitted Sept. 8, 1981. Decided May 24, 1982. Stephen H. Marcus, Greenberg, Bernhard, Weiss & Karma, Los Angeles, Cal., for cross-claimants/appellants. Neil G. McCarroll, Beverly Hills, Cal., argued, for cross-defendant/appellee; Barbara Faye Stein, Law Offices of James P. Del Guercio, Beverly Hills, Cal., on brief. Appeal from the United States District Court for the Central District of California. Before WRIGHT and WALLACE, Circuit Judges, and EAST, * Senior District Judge. EUGENE A. WRIGHT, Circuit Judge: 1 Admiralty Fund alleged in Count 8 of its second amended cross-claims that John Rawlings and Jerome…