First Security Nat. Bank v. United States, 382 U.S. 34 (1965)

Name: First Security Nat. Bank v. United States, 382 U.S. 34 (1965) - Syllabus
Author: U.S. Supreme Court

First Security National Bank & Trust Co.

of Lexington v. United States
No. 141

Decided October 18, 1965
382 U.S. 34

APPEAL FROM THE UNITED STATES DISTRICT COURT

FOR THE EASTERN DISTRICT OF KENTUCKY

Syllabus

This Court held that the bank merger resulting in appellant bank’s formation violated the Sherman Act and remanded the case to the District Court "for further proceedings in conformity with the opinion of this Court." (376 U.S. 665.) After several postponements of the date set by the District Court for reporting progress "in complying with the mandate of the Supreme Court," the parties presented a proposed interlocutory decree providing for submission of a detailed divestiture plan in six months. The District Court thereupon held appellant bank and its officers in contempt for failure to comply with this Court’s mandate.

Held: Since divestiture was not ordered within any specific period, appellants did not violate this Court’s judgment.

Reversed.

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Chicago: U.S. Supreme Court, "Syllabus," First Security Nat. Bank v. United States, 382 U.S. 34 (1965) in 382 U.S. 34 Original Sources, accessed November 24, 2024, http://originalsources.com/Document.aspx?DocID=PIVJT6KQRR4RNWJ.

MLA: U.S. Supreme Court. "Syllabus." First Security Nat. Bank v. United States, 382 U.S. 34 (1965), in 382 U.S. 34, Original Sources. 24 Nov. 2024. http://originalsources.com/Document.aspx?DocID=PIVJT6KQRR4RNWJ.

Harvard: U.S. Supreme Court, 'Syllabus' in First Security Nat. Bank v. United States, 382 U.S. 34 (1965). cited in 1965, 382 U.S. 34. Original Sources, retrieved 24 November 2024, from http://originalsources.com/Document.aspx?DocID=PIVJT6KQRR4RNWJ.

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