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LESLIE v. MINSON

No. 84 Civ. 8579 (CSH).

679 F.Supp. 280 (1988)

Seymour LESLIE, Ralph S. Mann, Wilhelm Ornstein, Margarete Ornstein and Lawrence Ravich, Plaintiffs, v. Michael E. MINSON, Minoco Resources Company, L.F. Rothschild, Unterberg Towbin, Myron Neugeboren, Bennett Mostel, Ira Saunders, Michael Bresner, Manufacturers Hanover Trust Company, Chase Manhattan Bank, N.A. and Federal Deposit Insurance Corporation, as Receiver for Penn Square Bank, N.A., Defendants.

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

January 4, 1988.

Attorney(s) appearing for the Case

Peirez, Ackerman and Levine, Great Neck, N.Y., for plaintiffs; John M. Brickman, of counsel.

Christy & Viener, Franklin B. Velie, Janis G. White, Lester Schwab Katz & Dwyer, New York City, for defendant Michael E. Minson; Howard Lester, Steven Getzoff, of counsel.

Segal & Tesser, New York City, for defendant Minoco Resources Co.; Lewis Tesser, Gregory J. Ryan, of counsel.

Bachner, Tally, Polevoy, Misher & Bringberg, New York City, for defendants Bennett Mostel and Michael Bresner; David E. Wolff, of counsel.

Hertzog, Calamari & Gleason, New York City, for L.F. Rothschild, Unterberg, Towbin and Myron Neugeboren; James E. Behar, of counsel.

Butler, Fitzgerald & Potter, New York City, for Federal Deposit Ins. Corp. as receiver of Penn Square Bank, N.A.; James M. Davis, of counsel.

MEMORANDUM OPINION AND ORDER

HAIGHT, District Judge:

By their first amended complaint (the "complaint"), plaintiffs assert against defendants federal securities fraud claims, to which state and common law claims are appended. All defendants move to dismiss the complaint.

Plaintiffs are individuals who purchased limited partnership interests in an oil and gas venture known as the Minoco 1980 LC Oil and Gas Program the ("Partnership"). The Partnership...

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