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SCHUYT v. ROWE PRICE PRIME RESERVE FUND, INC.

No. 80 Civ. 506 (RJW).

622 F.Supp. 169 (1985)

Gertrude Brooks SCHUYT, Plaintiff, v. ROWE PRICE PRIME RESERVE FUND, INC., T. Rowe Price Associates, Inc., Carter O. Hoffman, Edward A. Taber III and George J. Collins, Defendants.

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

November 5, 1985.

Attorney(s) appearing for the Case

Wolf Haldenstein Adler Freeman & Herz, Stull, Stull & Brody, New York City, for plaintiff; Daniel W. Krasner, Jeffrey G. Smith, Robert Stull, of counsel.

Pollack & Kaminsky, New York City, for defendants T. Rowe Price Associates, Inc., Carter O. Hoffman, Edward A. Taber III, and George J. Collins; Daniel A. Pollack, Martin I. Kaminsky, Edward T. McDermott, Frederick P. Schaffer, of counsel.

OPINION

ROBERT J. WARD, District Judge.

This is an action brought pursuant to the Investment Company Act of 1940, as amended, 15 U.S.C. § 80a-1 et seq. ("ICA"). Defendants T. Rowe Price Associates, Inc. ("Price Associates"), Carter O. Hoffman, Edward A. Taber III and George J. Collins move pursuant to Rule 12(b)(6), Fed.R. Civ.P., for an order dismissing Count III of the Third Amended Complaint. Defendants argue that Count III, which purports...

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