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QUINTEL CORP v. CITIBANK, N.A.

Nos. 80 Civ. 4936(RWS), 82 Civ. 4856(RWS).

596 F.Supp. 797 (1984)

QUINTEL CORPORATION, N.V., Plaintiff, v. CITIBANK, N.A., Defendant. CITIBANK, N.A., Third-Party Plaintiff, v. H.R. GAJRIA, Arnold Alperstein, and Goldstick, Weinberger, Feldman, Alperstein & Taishoff, P.C., Third-Party Defendants. QUINTEL CORPORATION, N.V., and H.R. Gajria, Plaintiff, v. Arnold S. ALPERSTEIN, et al., Defendants.

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

October 18, 1984.

Attorney(s) appearing for the Case

Carro, Spanbock, Fass, Geller, Kaster & Cuiffo, New York City, for plaintiff and third-party defendant; Kenneth A. Lapatine, Charles D. Bock, Gilbert C. Ferrer, Vincent Lipari, Jeffrey K. Cymbler, New York City, of counsel.

Sherman & Sterling, New York City, for defendant and third-party plaintiff; Mark P. Zimmett, Jonathan L. Greenblatt, Catherine Gallo, Henry A. Udow, New York City, of counsel.

Wilson, Elser, Edelman & Dicker, New York City, for defendants and third-party defendants; Edward J. Boyle, Steven Kent, Thomas R. Manisero, Mary E. Reisert, New York City, of counsel.

SWEET, District Judge.

These consolidated actions are once again on the eve of trial. Quintel Corporation, N.V. ("Quintel"), a Netherlands Antilles corporation, commenced the action against Citibank, N.A. ("Citibank"), on August 27, 1980, in connection with Quintel's investment in Flag Associates, L.P. ("Flag"), a real estate limited partnership, alleging that Citibank violated section 10(b) of the Securities Exchange Act of 1934 (the "1934 Act"), 15 U.S.C. §...

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