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BRICK v. J.C. BRADFORD & CO., INC.

Civ. A. No. 86-2647-OG.

677 F.Supp. 1251 (1987)

Arman BRICK, Plaintiff, v. J.C. BRADFORD & COMPANY, INC., et al., Defendants.

United States District Court, District of Columbia.

October 16, 1987.

Attorney(s) appearing for the Case

Alexander J. Pires, Jr. and Jeffrey A. Knishkowy, Washington, D.C., for plaintiff.

Michael Nussbaum, Kate A. Martin, and Carl S. Kravitz, Washington, D.C., for defendants J.C. Bradford & Co. and Preston Mulford.

Brett L. Antonides, Washington, D.C., for defendant Jeffrey Seckler.

MEMORANDUM

GASCH, District Judge.

This case arises from facts that are distressingly common in the halls and on the trading floors of Wall Street. In January and February 1986, plaintiff made several large purchases of stock pursuant to a public offering in the shares of Advanced Tobacco Products, Inc. ("ATP"). The purchases were allegedly induced by representations by defendants that ATP would soon be a target in the take-over epidemic that has engulfed...

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