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SMITH, JACKSON & CO. INC. v. NEOTEC CORP.

No. 73 Civ. 3750.

437 F.Supp. 44 (1977)

SMITH, JACKSON & COMPANY, INCORPORATED, Plaintiff, v. NEOTEC CORPORATION, Defendant.

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

July 1, 1977.

Attorney(s) appearing for the Case

Tobin, Decof, LeRoy & Silverstein, Woonsocket, R. I., for plaintiff, by Andrew Kuchinsky, New York City, of counsel.

Morris R. Sherman, New York City, for defendant.

OPINION

KEVIN THOMAS DUFFY, District Judge.

The plaintiff, Smith, Jackson & Company, Incorporated, acted as underwriter in connection with an April 24, 1969 public offering of common stock by defendant Neotec Corporation. At the time, Neotec was a designer and manufacturer of sophisticated audio and optical equipment which it sold for governmental and industrial use. Contemporaneous with the public offering, Neotec engaged Smith, Jackson to act as its...

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