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SAVINO v. E. F. HUTTON & CO., INC.

No. 79 Civ. 2813.

507 F.Supp. 1225 (1981)

Joseph SAVINO, Jr., Ann Savino, Joseph Savino, Sr., International Preferred Risks, Inc. and Trans-Atlantic Insurance Company, Plaintiffs, v. E. F. HUTTON & CO., INC., Nicholas Tinios, Alan Grimaglia, Ted Adair, Alan Goldstein and Jerome H. Miller, Defendants.

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

January 30, 1981.

Attorney(s) appearing for the Case

Donald H. Shaw, P. C., New York City, for plaintiffs; Donald H. Shaw, David Saft, New York City, of counsel.

Cahill, Gordon & Reindel, New York City, for defendants E. F. Hutton & Co., Inc., Ted Adair, Alan Goldstein, and Jerome H. Miller; Thomas F. Curnin, Thomas J. Kavaler, New York City, of counsel.

Sage, Gray, Todd & Sims, New York City, for defendant Nicholas Tinios; John F. X. Peloso, Stuart A. Krause, New York City, of counsel.

Hertzog, Calamari & Gleason, New York City, for defendant Alan Grimaglia; Peter F. Calamari, New York City, of counsel.

OPINION

ROBERT J. WARD, District Judge.

Plaintiffs in this action seek damages for defendants' alleged violation of both the federal securities laws and common-law principles of fraud and fiduciary duty. Defendants are E.F. Hutton & Co., Inc. ("Hutton"), and five individuals who were employees of Hutton during the period when the events described in plaintiffs' amended complaint allegedly occurred. They move for an order dismissing the amended complaint...

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