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CL-ALEXANDERS LAING & CRUICKSHANK v. GOLDFELD

No. 87 Civ. 6113 (MBM).

709 F.Supp. 472 (1989)

CL-ALEXANDERS LAING & CRUICKSHANK, Plaintiff, v. Bertha GOLDFELD, in her Capacity as Preliminary Executrix of the Estate of Seymour B. Goldfeld, Goldfeld and Charak, Laura Katz, in her Capacity as Preliminary Executrix of the Estate of Hyman Katz, Arthur Andersen & Co., a Partnership Organized Under the Laws of Illinois, and Arthur Andersen & Co., a Partnership Organized Under the Laws of the United Kingdom, Defendants.

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

March 31, 1989.

Attorney(s) appearing for the Case

Jerome M. Congress, Krishnan S. Chittur, Milberg Weiss Bershad Specthrie & Lerach, New York City, for plaintiff.

James D. Zirin, James J. Sabella, Jill I. Braverman, Breed, Abbott & Morgan, New York City, for defendants Arthur Andersen (U.S.) and Arthur Andersen (U.K.).

Thomas F. Breen, D'Amato & Lynch, New York City, for defendants Seymour B. Goldfeld and Goldfeld and Charak.

OPINION AND ORDER

MUKASEY, District Judge.

Plaintiff CL-Alexanders Laing & Cruickshank ("Alexanders"), a London investment banker, sues on behalf of a class of British citizens and institutions who bought two million shares in Container Industries, Inc. ("Container"), a Delaware corporation with its principal place of business in New Jersey. The purchase, part of a private placement, was made in Great Britain in June 1986. Plaintiff hired defendant Arthur...

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