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ZIENTS v. LaMORTE

Nos. 67 Civ. 4515, 68 Civ. 3348.

319 F.Supp. 956 (1970)

Alan ZIENTS et al., Plaintiffs, v. Willard J. LaMORTE et al., Defendants. Michael NEMITOFF et al., Plaintiffs, v. Willard J. LaMORTE et al., Defendants.

United States District Court, S. D. New York.

October 6, 1970.

Attorney(s) appearing for the Case

Kaufman, Taylor, Kimmel & Miller, New York City, for plaintiffs.

Joseph Cohen and Esther Antell, New York City, for defendants Nelson, Tozzi, Davies, Cerrato, and Cameron.

H. A. & C. E. Heydt, New York City, for Shattuck Denn Mining Corp.

Paul, Weiss, Goldberg, Rifkind, Wharton & Garrison, New York City, for defendant Benjamin Perlen.

Feldshuh & Frank, New York City, for defendant Willard J. LaMorte.

Brown, Wood, Fuller, Caldwell & Ivey, New York City, for defendant Schweickart & Co.

MANSFIELD, District Judge.

In this action for damages by stockholders of Shattuck Denn Mining Corp. against its officers, directors and others, plaintiffs charge that in violation of the anti-fraud provisions of the federal securities acts the defendants engaged in a scheme to inflate and manipulate the market price of the company's stock through various means, including misleading publicity and releases designed to stimulate a public demand for the stock. The principal...

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