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MECKEL v. CONTINENTAL RESOURCES CO.

No. 81 Civ. 6803(CES).

586 F.Supp. 407 (1984)

Wilfred J. MECKEL, II, Fred E. Brown, B.W. Robertson, William S. Hazen, John D. Lynch, David Watts, Theodorus V.W. Cushny, Ronald T. Schroeder, James H. Willis, as partners of J & W Seligman & Co., (on behalf of themselves and all former holders of the Florida Gas Company 5-¾% Convertible Subordinated Debentures due April 1, 1989 who are similarly situated), Plaintiffs, v. CONTINENTAL RESOURCES COMPANY (successor to Florida Gas Company) and Florida Exploration Company (formerly known as Continental Exploration Company, Inc.), Defendants. CONTINENTAL RESOURCES COMPANY and Florida Exploration Company, Third Party Plaintiffs, v. CITIBANK, N.A., Third Party Defendant.

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

April 16, 1984.

Attorney(s) appearing for the Case

Peter G. Eikenberry, New York City, for plaintiffs.

Willkie Farr & Gallagher, New York City, for defendants; Stephen Greiner, New York City, of counsel.

Harvis & Zeichner, New York City, for third party defendant; Fred Umane, New York City, of counsel.

MEMORANDUM DECISION

STEWART, District Judge:

Plaintiffs, partners of J & W Seligman & Co. ("Seligman"), bring this action to recover losses incurred in connection with the redemption of certain debentures issued by the Florida Gas Company ("Florida Gas"). Defendants Continental Resources Company ("Continental") and Florida Exploration Co., Inc. ("Florida Exploration"), the successors to Florida Gas, as well as Citibank, N.A. ("Citibank"), third party...

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