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BENSON v. RMJ SECURITIES CORP.

No. 85 Civ. 2109 (RJW).

683 F.Supp. 359 (1988)

Frances BENSON, Plaintiff, v. RMJ SECURITIES CORP., Eugene Cates, George Wunsch, Paul Ryan, Richard Jackson, Security Pacific Corporation and the Estate of John McSharry, Defendants.

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

March 31, 1988.

Attorney(s) appearing for the Case

Goldschmidt, Oshatz & Saft, New York City, Torre, Garman & Amdur, East Rutherford, N.J., for plaintiff; Edward Sussman, New York City, Harry L. Garman, East Rutherford, N.J., of counsel.

Simpson Thacher & Bartlett, New York City, for defendants RMJ Securities Corp., Eugene Cates, George Wunsch, Paul Ryan and Richard Jackson; Kenneth R. Logan, Joseph F. Tringali, Charles C. Graves II, of counsel.

Jones, Hirsch, Connors & Bull, New York City, for defendant Estate of John McSharry; John F. Cambria, of counsel.

ROBERT J. WARD, District Judge.

Frances Benson, a residuary beneficiary of the estate of John McSharry ("the Estate" or "the McSharry Estate"), brought this action claiming violations of the federal securities laws, with pendent state law claims, in the redemption from the McSharry Estate by RMJ Securities Corporation ("RMJ") of McSharry's stock holdings in RMJ. The parties have filed cross-motions for summary judgment. For the reasons that follow, the Court grants...

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