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RAND v. ANACONDA-ERICSSON, INC.

No. 83 CV 4268 (ERN).

623 F.Supp. 176 (1985)

Michael M. RAND, John Costello, Steven J. Costello, Gregory T. Frese, Edward Lavin, Peter A. Milano, and Vincent F. Servello, Plaintiffs, v. ANACONDA-ERICSSON, INC., Ericsson, Inc., L.M. Ericsson Telephone Co., Nordic American Bank, Citibank, N.A., Price-Waterhouse & Co., Sullivan & Cromwell, Richard Howe, Richard G. Lyon, L. Stanton Towne, Telecom Equipment Corp., and Stephen R. Cohen, Defendants.

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

On Motion To Reargue December 2, 1985.

Attorney(s) appearing for the Case

Carl E. Person & Walter C. Reid, New York City, for plaintiffs.

Sullivan & Cromwell, by Robert M. Osgood, Robinson B. Lacy, Maria Foscarinis, New York City, for defendants Anaconda-Ericsson, Inc., Ericsson, Inc., L.M. Ericsson Telephone Co., Sullivan & Cromwell, Richard R. Howe, Richard G. Lyon, and L. Stanton Towne.

Richard G. Lyon, Greenwich, Conn., pro se and as Attorney for defendants Anaconda-Ericsson, Inc., Ericsson, Inc., and L.M. Ericsson Telephone Co.

White & Case by Allan L. Gropper, New York City, for defendant Nordic American Bank.

Howard, Darby & Levin by Philip K. Howard, New York City, for defendant Price Waterhouse.

Shearman & Sterling by William B. Pennell, New York City, for defendant Citibank, N.A.

Paul S. McDonough, Long Island City, N.Y., for defendants Telecom Equipment Corp. and Stephen R. Cohen.

MEMORANDUM AND ORDER

NEAHER, District Judge.

Plaintiffs are seven shareholders of the bankrupt Teltronics Services, Inc. They seek to represent a class of all such shareholders to redress various claims stemming from Teltronics' business relationships with defendant L.M. Ericsson Telephone Co. (Ericsson or Ericsson defendants).

The allegations of the present complaint are familiar to the Court. They involve the same series of events which furnished...

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