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MISHKIN v. KENNEY & BRANISEL, INC.

No. 85 Civ. 3791 (EW).

609 F.Supp. 1254 (1985)

Edwin B. MISHKIN, as Securities Investor Protection Corporation Trustee of Parr Securities Corp. and Mitchell A. Lowenthal, as Temporary Receiver of Parr Investor Services, Corp., Plaintiffs, v. KENNEY & BRANISEL, INC.; William J. Kenney; Raymond J. Branisel; and John J. Regan, Jr., Defendants.

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

June 5, 1985.

Attorney(s) appearing for the Case

Cleary, Gottlieb, Steen & Hamilton, New York City, for plaintiffs; Thomas J. Moloney, Edwin B. Mishkin, Joanne Zack, Mitchell A. Lowenthal, New York City, of counsel.

Cadwalader, Wickersham & Taft, New York City, for defendants Kenney & Branisel; Earl H. Nemser, Howard R. Hawkins, Barry J. Dichter, New York City, of counsel.

OPINION

EDWARD WEINFELD, District Judge.

By order dated May 6, 1985, this Court appointed a temporary receiver of Parr Securities Corp. and later its affiliate Parr Investor Services, Inc. (collectively "Parr").1 By further order dated May 17, 1985, the Court granted an application of the Securities Investor Protection Corporation for appointment of a permanent trustee to liquidate Parr Securities Corp. and, accordingly, referred...

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