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PRUDENTIAL INS. CO. v. BMC INDUSTRIES, INC.

No. 85 Civ. 4881 (RWS).

662 F.Supp. 436 (1987)

The PRUDENTIAL INSURANCE COMPANY OF AMERICA, Teachers Insurance and Annuity Association of America, State Street Bank and Trust Company, as Master Trustee for the Retirement Plans of Atlantic Richfield Company and certain of its subsidiaries, and Manufacturers Hanover Trust Co., as Trustee for the Special Situations Bond Fund, Plaintiffs, v. BMC INDUSTRIES, INC., Defendant. BMC INDUSTRIES, INC., Third-Party Plaintiff, v. The FIRST BOSTON CORPORATION, Third-Party Defendant.

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

April 10, 1987.

Attorney(s) appearing for the Case

White & Case, New York City, for plaintiffs; Thomas McGanney, Robert J. Morrow, of counsel.

Cahill Gordon & Reindel, P.C., New York City, for defendant; Charles A. Gilman, Eric Hellerman, Albert Robbins, of counsel.

OPINION

SWEET, District Judge.

In this action brought by plaintiffs Prudential Insurance Company of America ("Prudential"), Teachers Insurance and Annuity Association of America ("Teachers"), State Street Bank and Trust Company ("State Street") and Manufacturers Hanover Trust Co. ("Manufacturers"), to rescind the purchase of certain notes issued by defendant BMC Industries, Inc. ("BMC") under note agreements dated December 13, 1984, BMC has moved for a preliminary...

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