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STERN v. LEUCADIA NAT. CORP.

No. 86 Civ. 3127 (GLG).

644 F.Supp. 1108 (1986)

Jonathan STERN, on behalf of himself and all others similarly situated, Plaintiff, v. LEUCADIA NATIONAL CORPORATION, LNC Investments, Inc., Charter National Life Insurance Company, American Investment Company, Leucadia Inc., Uintah National Corporation, TLC Associates, Carl Marks & Co., Inc., Ian N. Cumming, Joseph S. Steinberg, Cumberg, Inc., Marks Investing Corp., and S & S Securities, Inc., Defendants.

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

October 7, 1986.

Attorney(s) appearing for the Case

Kaufman Malchman Kaufmann & Kirby, New York City (Irving Malchman, Roger W. Kirby, Lorna N. Graham, of counsel), for plaintiff.

Weil, Gotshal & Manges, New York City (Dennis J. Block, Jonathan M. Hoff, Patricia A. Olah, of counsel), for defendants except Carl Marks & Co., Inc.

Paul, Weiss, Rifkind, Wharton & Garrison, New York City (Sidney S. Rosdeitcher, Shira Perlmutter, of counsel), for defendant Carl Marks & Co., Inc.

GOETTEL, District Judge:

Plaintiff Jonathan Stern brings this putative class action alleging that the defendants violated section 10(b) of the Securities and Exchange Act of 1934 (the "Act"), 15 U.S.C. § 78j(b) (1982), and Rule 10b-5 promulgated thereunder, 17 C.F.R. § 240.10b-5 (1986), by filing Schedule 13D statements that contained material omissions or misrepresentations. The defendants are seven corporate entities that co-signed the 13D schedules at...

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