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SCHONHOLTZ v. AMERICAN STOCK EXCHANGE, INC.

No. 73 Civ. 3689.

376 F.Supp. 1089 (1974)

George J. SCHONHOLTZ, Plaintiff, v. AMERICAN STOCK EXCHANGE INC. et al., Defendants.

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

May 6, 1974.

Attorney(s) appearing for the Case

Silverman & Harnes, New York City, for plaintiff.

Lord, Day & Lord, New York City, for defendant American Stock Exchange, Inc.

Winthrop, Stimson, Putnam & Roberts, New York City, for defendant Bear, Stearns & Co.

MEMORANDUM

LASKER, District Judge.

In August, 1971, plaintiff sold short 200 shares of Levitz Corporation stock on the American Stock Exchange (Amex) and subsequently covered the sale at a substantial loss. He brings this action against Amex, the firm of Ramsay, Re, Farrell, Kachlin & Erdman (specialists in Levitz stock) (Ramsay) and Bear, Stearns & Co. (Bear, Stearns) Ramsay's parent. In substance the complaint alleges that at the time of the events...

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