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SHAMROCK ASSOCIATES v. HORIZON CORP.

No. 85 Civ. 6401 (GLG).

632 F.Supp. 566 (1986)

SHAMROCK ASSOCIATES, Plaintiff, v. HORIZON CORPORATION, MCO Holdings, Inc., MCO Properties Inc., Charles E. Hurwitz, William C. Leone, and John E. Sommerhalder, Defendants. HORIZON CORPORATION, MCO Properties Inc., Counterclaimants, v. SHAMROCK ASSOCIATES, Natalie I. Koether, Paul O. Koether, Ingalls & Snyder, David B. Blanchard, Myron S. Gelbach, John Does "A" Through "Z", constituting the limited partners of Shamrock Associates, and Richard Roes 1 Through 100, constituting the unknown customers of Ingalls & Snyder, Counterclaim-Defendants.

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

April 9, 1986.

Attorney(s) appearing for the Case

Christy & Viener, New York City (Franklin B. Velie, of counsel), and Koether Harris & Hoffman, New York City (Mathew E. Hoffman, of counsel), for plaintiff Shamrock Associates.

Golenbock, Eiseman, Assor, Bell & Perlmutter, New York City (Jeffrey T. Golenbock, of counsel), for defendant Horizon Corp.

Kramer, Levin, Nessen, Kamin & Frankel, New York City (Stephen T. Atkins, Gregory A. Danilow, Arthur H. Aufses, Elizabeth Lederer, of counsel), for defendants MCO Properties Inc., MCO Holdings, Inc., Charles E. Hurwitz, William C. Leone and John E. Sommerhalder.

OPINION

GOETTEL, District Judge:

The defendants, Horizon Corporation ("Horizon"), MCO Holdings, Inc., and MCO Properties, Inc. (collectively "MCO"), Charles E. Hurwitz, William C. Leone, and John E. Sommerhalder, move to dismiss Shamrock Associates' ("Shamrock") claims arising under Section 10(b) of the Securities and Exchange Act of 1934, 15 U.S.C. 78j(b) (1982), and Rule 10b-5 promulgated thereunder, 17 C.F...

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