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GREENWALD v. AMERICAN MEDCARE CORP.

No. 84 CIV. 3583 (PKL).

666 F.Supp. 489 (1987)

Howard GREENWALD, Plaintiff, v. AMERICAN MEDCARE CORPORATION, Rudolph F. Bono, Edward J. Larkin, John M. Spanakos, Joseph P. O'Connor, S.B. Cantor & Co., Inc., and Centennial State Securities, Inc., Defendants. John M. SPANAKOS and Rudolph F. Bono, Third-Party Plaintiffs, v. Caryl B. ROSSNER and John L. Milling, Third-Party Defendants.

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

July 16, 1987.

Attorney(s) appearing for the Case

Davis, Markel & Edwards, New York City (Steven M. Edwards, of counsel), for defendant Spanakos.

Wormser, Kiely, Alessandroni, Hyde & McCann, New York City (Lawrence M. McKenna, of counsel), for defendant Bono.

Maione & Collins, New York City (Louis J. Maione, of counsel), for third-party defendant Rossner.

OPINION & ORDER

LEISURE, District Judge:

This class action was commenced in May, 1984, on behalf of purchasers of shares of defendant American Medcare Corporation ("AMC") in a public offering pursuant to an allegedly fraudulent registration statement effective in May, 1983. Jurisdiction was premised on the Securities Act of 1933, the Securities Exchange Act of 1934 and, as to one count of the complaint alleging...

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