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IN RE VALUE LINE SPECIAL SITUATIONS FUND LIT.

420 F.Supp. 125 (1976)

In re VALUE LINE SPECIAL SITUATIONS FUND LITIGATION. Norman F. DACEY and Rosalind Kanon, Plaintiffs, v. The VALUE LINE SPECIAL SITUATIONS FUND, INC., et al., Defendants.

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

August 17, 1976.

Attorney(s) appearing for the Case

LeViness, Brenner & Landau by John F. LeViness, III, New York City, for plaintiff Norman F. Dacey.

Fortas & Koven, Washington, D. C. by Sheldon Karon, Chicago, Ill., for defendant Arnold Bernhard & Co., Inc.

TENNEY, District Judge.

Plaintiff Norman F. Dacey ("Dacey") has moved to dismiss the counterclaim of defendant Arnold Bernhard & Co., Inc. ("AB&Co.") on the ground that it is barred by the statute of limitations. For the reasons set forth below, the motion is granted.

The relevant facts are as follows: On or about February 11, 1969, Dacey brought suit under the securities laws against Value Line Special Situations Fund, Inc., AB&Co., officers and...

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