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E.F. HUTTON & CO. v. FIRST FLA. SEC., INC.

85 Civ. 5551 (WCC).

654 F.Supp. 1132 (1987)

E.F. HUTTON & CO., INC., Plaintiff, v. FIRST FLORIDA SECURITIES, INC., Defendant. FIRST FLORIDA SECURITIES, INC., Third-Party Plaintiff, v. Perry CONSTANTINOU and M. Perry Grant, Third-Party Defendants.

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

February 25, 1987.

Attorney(s) appearing for the Case

Stein, Zauderer, Ellenhorn, Frischer & Sharp, New York City, for plaintiff; Harry Frischer, Rob J. Crichton, of counsel.

Tenzer, Greenblatt, Fallon & Kaplan, New York City, for defendant and third-party plaintiff; Ronald L. Mayers, William M. Pinzler, Judah S. Shapiro, of counsel.

Cooper Cohen Singer & Ecker, New York City, for third-party defendant Perry Constantinou; Barry H. Singer, of counsel.

Bernstein & Gershman, Garden City, N.Y., for third-party defendant M. Perry Grant; Marshall A. Bernstein, of counsel.

OPINION AND ORDER

WILLIAM C. CONNER, District Judge.

This opinion incorporates the Court's findings of fact and conclusions of law, pursuant to Rule 52, Fed.R.Civ.P., following a two-day bench trial to determine liability for the purchase of 25,000 shares of the common stock of Keystone Medical Corporation ("Keystone"). The controversy arose due to a drop in the price of the stock from approximately $15 per share when ordered on April 29, 1985 to approximately...

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