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GREENSTEIN v. PAUL

No. 66 Civ. 4306.

275 F.Supp. 604 (1967)

Max GREENSTEIN, Plaintiff, v. Mildred P. PAUL, Harry Lebensfeld, Jack Koenig, Joseph A. Dancewicz, United Industrial Syndicate, Inc. and Sagamore Manufacturing Company, Defendants.

United States District Court S. D. New York.

October 27, 1967.

Attorney(s) appearing for the Case

Louis C. Fieland, New York City, for plaintiff.

Goldstein, Judd & Gurfein, New York City, for defendants Mildred P. Paul, Harry Lebensfeld, Jack Koenig and United Industrial Syndicate, Inc; Edward Brodsky, New York City, William M. Guttman, of counsel.

OPINION

McLEAN, District Judge.

Plaintiff brings this action "individually and as a representative of all other stockholders and former stockholders of Sagamore similarly situated" to recover damages for alleged violation by defendants of Section 10(b) of the Securities Exchange Act of 1934 (15 U.S.C. § 78j (b)) and Rule 10b-5 thereunder in the purchase by United Industrial Syndicate, Inc. of stock of Sagamore Manufacturing Company by means of allegedly...

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