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GILMAN BROS. INC. v. PEAT, MARWICK, MITCHELL & CO.

No. 77 Civ. 6307.

486 F.Supp. 785 (1980)

GILMAN BROTHERS INC., Plaintiff, v. PEAT, MARWICK, MITCHELL & CO., Joseph C. Burrows and Thomas J. McLaughlin, Defendants.

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

March 24, 1980.

Attorney(s) appearing for the Case

Irving L. Gartenberg, New York City, for plaintiff; Ira M. Schulman, New York City, of counsel.

Cahill, Gordon & Reindel, New York City, for defendant Peat, Marwick, Mitchell & Co.; William E. Hegarty, Stacy J. Haigney, and Leonard P. Novello, Associate Gen. Counsel, Peat, Marwick, Mitchell & Co., New York City, of counsel.

OPINION

EDWARD WEINFELD, District Judge.

The defendant, Peat, Marwick, Mitchell & Co. ("PMM") moves to dismiss the plaintiff's third amended complaint which alleges violations by PMM of the federal securities laws as well as common law claims arising out of PMM's accounting services rendered to Systems for Advanced Information Inc. ("SAI") in connection with the purchase in April 1972 by plaintiff, Gilman Brothers Inc., of a majority stock interest in...

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