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GASARCH v. ORMAND INDUSTRIES, INC.

No. 72 Civ. 959.

346 F.Supp. 550 (1972)

Justin GASARCH, Plaintiff, v. ORMAND INDUSTRIES, INC. and Morgan Guaranty Trust Company of New York, Defendants.

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

August 17, 1972.

Attorney(s) appearing for the Case

Seymour J. Shyman, New York City, for plaintiff; by Lawrence A. Cohen, New York City, of counsel.

Squadron, Gartenberg, Ellenoff & Plesent, New York City, for defendants; by Theodore Ellenoff and Harvey Horowitz, New York City, of counsel.

POLLACK, District Judge.

The defendant Ormand Industries, Inc., a Delaware corporation, seeks to dismiss the complaint on the ground that the Court has no personal jurisdiction over it in this diversity action.

The plaintiff is the holder of legended and restricted stock issued by Ormand. Seeking an exchange of his shares for a like amount of unlegended and unrestricted shares, plaintiff presented his certificates accompanied by a "no-action" letter issued...

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