1. Home
  2. Browse Decisions
  3. F.Supp.
  4. 318 F.Supp.
  5. 318 F.Supp. 1339 (1970)
 

FRANKLIN NATIONAL BANK v. L. B. MEADOWS & CO.

No. 69-C-160.

318 F.Supp. 1339 (1970)

FRANKLIN NATIONAL BANK, Plaintiff, v. L. B. MEADOWS & CO., Inc., Alessandrini & Co., Inc., Wellington Hunter Associates and Philip S. Budin & Co., Inc., Defendants, L. B. MEADOWS & CO., Inc., Third-Party Plaintiff, v. ALESSANDRINI & CO., Inc., Cross-Defendant, and Morton Kantrowitz and Ray I. Weiss, Third-Party Defendants.

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

June 25, 1970.

Attorney(s) appearing for the Case

Bergerman & Hourwich, New York City, for Philip S. Budin; Joseph Calderon, New York City, of counsel.

Kaplan, Kilsheimer & Foley, New York City, for L. B. Meadows & Co. Inc.; Dermot G. Foley, New York City, of counsel.

Robert W. Taylor, New York City, for defendants, cross-defendant and third-party defendant.

Seymour P. Schulman, New York City, for Morton Kantrowitz.

Sahn, Shapiro & Epstein, New York City, for plaintiff; Morris Shapiro, Alan R. Katz, New York City, of counsel.

MEMORANDUM AND ORDER

WEINSTEIN, District Judge.

Plaintiff, the Franklin National Bank, seeks damages arising from defendants' alleged violation of § 15(c) (2) of the Securities Act of 1934. 15 U.S.C. § 78o (c) (2). The four defendants, each a broker-dealer involved in over-the-counter transactions, allegedly participated in the creation of a false market for the stock of American Continental Industries, Inc. by submitting fictitious quotations...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases