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OHMAN v. KAHN

No. 87 Civ. 7117 (JFK).

685 F.Supp. 1302 (1988)

Marianne OHMAN, Bengt Fellstroem, and Sigvard Kullman, on behalf of themselves and all others similarly situated, and derivatively on behalf of Vilcabamba International Corp., Plaintiffs, v. Sidney Howard KAHN (a/k/a Carlos Francisco Calderon), Carl Eric Lindstroem, Harley I. Lewin, David E. Jordan, Cecilia A. Hallman, Rachel Nelson, and Vilcabamba International Corporation, Defendants.

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

April 25, 1988.

Attorney(s) appearing for the Case

Julian Friedman, Andrew Luger, Stillman, Friedman & Shaw, P.C., New York City, for plaintiffs; J. Jonathan Schraub, Golden, Freda & Schraub, P.C., Washington, D.C., of counsel.

Robert Meshel, Megan Lee, D'Amato & Lynch, New York City, for defendant Harley I. Lewin.

Ira Postel, New York City, for defendant David E. Jordan.

OPINION and ORDER

KEENAN, District Judge:

BACKGROUND

Plaintiffs have filed a class action lawsuit against the defendants arising out of the purchase of shares in a corporation that has purportedly located, and had rights in, the "fountain of youth." Not surprisingly, it appears that the fountain was one which merely bubbled with litigation. The complaint alleges violations of the federal securities laws and RICO, and includes state law claims asserting...

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