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NEW YORK STOCK EXCHANGE, INC. v. SLOAN

No. 71 Civ. 2912.

391 F.Supp. 530 (1975)

NEW YORK STOCK EXCHANGE, INC., et al., Plaintiffs, v. Fergus M. SLOAN, Jr., et al., Defendants.

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

March 25, 1975.

Attorney(s) appearing for the Case

Milbank, Tweed, Hadley & McCloy, New York City, for plaintiffs.

Eagle & Fein, New York City, for defendant Ruth Button.

MEMORANDUM

LASKER, District Judge.

In June, 1970, Orvis Brothers & Co., a member firm of the New York Stock Exchange ("Exchange") commenced liquidation after a period of financial difficulties. The Exchange brings this suit to recover some $5,000,000. expended from its Special Trust Fund to compensate public customers of Orvis for the losses which resulted. Defendants include Orvis' general and limited partners...

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