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ROSS v. WARNER

No. 77 Civ. 243 (CHT).

480 F.Supp. 268 (1979)

Marcus ROSS and Ruth Ross, on behalf of themselves and all others similarly situated, Plaintiffs, v. Leslie H. WARNER et al., Defendants.

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

November 28, 1979.

Attorney(s) appearing for the Case

Schoengold & Sporn, P.C., New York City, for plaintiffs; Samuel P. Sporn, New York City, Kenneth A. Elan, Bayside, of counsel.

Breed, Abbott & Morgan, New York City, Wilson & McIlvaine, Chicago, Ill., for defendant Arthur Andersen & Co.; Edward J. Ross, James D. Zirin, George F. Vary, Charles W. Boand, Chicago, Ill., of counsel.

OPINION

TENNEY, District Judge.

In the Second Amended Complaint of this still uncertified class action, shareholders of General Telephone & Electronics Corporation ("GT&E") allege violations of sections 10(b) and 18 of the Securities Exchange Act, 15 U.S.C. §§ 78j(b), 78r(a), rule 10b-5 of the Securities and Exchange Commission, 17 C.F.R. § 240.10b-5, section 11 of the Securities Act of 1933, 15 U.S.C. § 77k ("1933 Act"), and...

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