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FUSTOK v. CONTICOMMODITY SERVICES, INC.

No. 82 Civ. 1538(MEL).

577 F.Supp. 852 (1984)

Mahmoud FUSTOK, Plaintiff, v. CONTICOMMODITY SERVICES, INC., Norton Waltuch, Tom Waldeck, and Ivan Auer, Defendants.

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

January 10, 1984.

Attorney(s) appearing for the Case

Curtis, Mallet-Prevost, Colt & Mosle, New York City, for plaintiff; Herbert Stoller, Peter Fleming, Jr., Eliot Lauer, Peter W. Lavigne, Michael Zimmerman, New York City, of counsel.

Paul, Weiss, Rifkind, Wharton & Garrison, Sheldon L. Berens, New York City, Glen F. Hackmann, Philip T. Powers, Chicago, Ill., for defendants; Arthur L. Liman, Mark H. Alcott, Richard A. Rosen, Diane Englander, Peter W. Schneider, New York City, of counsel.

LASKER, District Judge.

I.

In this action, which arises out of the collapse of the silver market in the spring of 1980, defendants move pursuant to Rule 56(b) of the Federal Rules of Civil Procedure for summary judgment. The motion is denied.

The plaintiff, Mahmoud Fustok ("Fustok") is a wealthy Saudi Arabian businessman and investor.1 Defendant Conticommodity Services, Inc...

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