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1050 TENANTS CORP. v. JAKOBSON

No. 72 Civ. 2261.

365 F.Supp. 1171 (1973)

1050 TENANTS CORP. et al., Plaintiffs, v. Peter JAKOBSON et al., Defendants.

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

October 11, 1973.

Attorney(s) appearing for the Case

Pollack & Singer, New York City, for plaintiffs; Martin I. Kaminsky, Richard M. Asche, New York City, of counsel.

Rosenman, Colin, Kaye, Petschek, Freund & Emil, New York City, for defendants; Asa D. Sokolow, Peter F. Nadel, New York City, of counsel.

OPINION

STEWART, District Judge:

This action is brought by 1050 Tenants Corporation ("the Corporation") a cooperative housing corporation, and Herbert and Joan Saltzman, purchasers and holders of shares in the Corporation, as representatives of a class consisting of all past and present shareholders. The complaint alleges that the defendants, sponsors and promoters of the cooperative plan pursuant to which the Corporation was organized and shares offered...

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