First country bank serves as trustee for the miller company’s pension plan. miller is the target of a hostile takeover attempt by newton, inc. in attempting to ward off newton, miller’s managers persuade julian wiley, an investment manager at first country bank, to purchase miller common stock in the open market for the employee pension plan. miller’s officials indicate that such action would be favorably received and would probably result in other accounts being placed with the bank. although wiley believes the stock is overvalued and would not ordinarily buy it, he purchases the stock to support miller’s managers, to maintain miller’s good favor toward the bank, and to realize additional new business. the heavy stock purchases cause miller’s market price to rise to such a level that newton retracts its takeover bid.