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FIRST EQUITY v. STANDARD & POOR'S CORP.

No. 86 Civ. 5913.

670 F.Supp. 115 (1987)

FIRST EQUITY CORPORATION OF FLORIDA, Robert Cornfeld and Floyd Watkins, Plaintiffs, v. STANDARD & POOR'S CORPORATION, Defendant.

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

September 28, 1987.

Attorney(s) appearing for the Case

Friedman & Kaplan, New York City, for plaintiffs; Eric Seiler, Andrew W. Goldwater, of counsel.

Cahill Gordon & Reindel, New York City, for defendant; Floyd Abrams, Dean Ringel, Steven Lieberman, of counsel.

OPINION

GOETTEL, District Judge.

This action arises from an alleged error in the defendant's publication Corporation Records. The defendant has moved to dismiss the action for failure to state a claim on which relief can be granted, and for failure to plead fraud with particularity. For the reasons discussed below, the motion is granted in part and denied in part.

Background

The defendant Standard & Poor's is a New York...

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