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ALLEN & COMPANY v. OCCIDENTAL PETROLEUM CORPORATION

No. 67 Civil 4011.

382 F.Supp. 1052 (1974)

ALLEN & COMPANY, Plaintiff, v. OCCIDENTAL PETROLEUM CORPORATION, Defendant.

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

August 30, 1974.

Attorney(s) appearing for the Case

Eaton, Van Winkle & Greenspoon, New York City, for plaintiff; John Van Voorhis, Samuel N. Greenspoon, Daniel A. Pollack, Paul Z. Lewis, New York City, of counsel.

Phillips, Nizer, Benjamin, Krim & Ballon, New York City, for defendant; Louis Nizer, Neil A. Pollio, George Berger, New York City, Mitchell, Silberberg & Knupp, Arthur Groman, Los Angeles, Cal., of counsel.

OPINION

EDWARD WEINFELD, District Judge.

Plaintiff is a limited partnership which is and has been engaged in the business of investment banking; its managing partners are Charles Allen, Jr. and Herbert Allen, Sr., brothers. The defendant is a corporation engaged in promoting various projects including the acquisition and exploitation of oil concessions; its principal executive officer is Dr. Armand Hammer.

Plaintiff seeks to recover in excess of...

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