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BRESSON v. THOMSON McKINNON SECURITIES, INC.

No. 85 Civ. 1179 (GLG).

641 F.Supp. 338 (1986)

Jerome BRESSON and Franklin M. Brown, on behalf of themselves and all others similarly situated, Plaintiffs, v. THOMSON McKINNON SECURITIES, INC., Defendant.

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

July 22, 1986.

Attorney(s) appearing for the Case

Jarblum, Solomon & Fornari, P.C., New York City (James D. Fornari, James Schwartz, Donald Eng, of counsel), Greenfield & Chimicles, Haverford, Pa., (Nicholas E. Chimicles, Kenneth A. Jacobsen, Brenda M. Nelson, of counsel), Absill, Porter, Churchill & Nellis, Atlanta, Ga. (J. Alexander Porter, Glenn A. Delk, Gail Tusan Joyner, of counsel), Klovsky, Kuby & Harris, Philadelphia, Pa., (Sidney B. Klovsky, Paul N. Minkoff, of counsel), for plaintiffs.

Hall, McNicol, Hamilton & Clark, New York City (Thomas A. Dubbs, Kenneth V. Handal, Ellen G. Margolis, of counsel), for defendant.

OPINION

GOETTEL, District Judge:

This is one of at least six class action suits now pending in the federal district courts against brokerage firms that sold limited partnership interests in the oil and gas income funds of the Petro-Lewis Corporation ("Petro-Lewis").

From 1970 to 1983, Petro-Lewis was the nation's largest seller of oil and gas income funds. Petro-Lewis acquired oil and gas properties,...

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