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MICHELSON v. MERRILL LYNCH, PIERCE, FENNER & SMITH

No. 83 Civ. 8898(MEL).

709 F.Supp. 1279 (1989)

Douglas J. MICHELSON, Plaintiff, v. MERRILL LYNCH, PIERCE, FENNER & SMITH, INC., Nelson Bunker Hunt, William Herbert Hunt, Douglas Herbert Hunt, Lamar Hunt, International Metals Investment Company, Ltd., John J. Conheeney, ContiCommodity Services, Inc., ContiCapital Management, Inc., ContiCapital, Ltd., Norton Waltuch, Gilian Financial, ACLI International Commodity Services, Inc., Bache Halsey Stuart Shield, Inc., Shiek Mohammed Aboud Al Amoudi, Shiek Ali Bin Mussalem, Mahmoud Fustok, Prince Faisal Bin Abdullah, Naji Robert Nahas, Banque Populaire Suisse, Advicorp Advisory and Financial Corporation S.A., Placid Oil Company, Commodity Exchange Inc., the Chicago Board of Trade, Irwin N. Smith, John Does Number Two to Ten, Defendants.

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

March 28, 1989.

Attorney(s) appearing for the Case

Douglas J. Michelson, Albuquerque, N.M., pro se.

Shmuel B. Klein, Brooklyn, for plaintiff.

Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for defendants ContiCapital Management, Inc. and ContiCapital Ltd.; Richard A. Rosen, Mary Anne Case, of counsel.

Brooksley Born, Daniel Waldman, Arnold & Porter, Washington, D.C., and Gilbert, Segall & Young, New York City, for defendant Banque Populaire Suisse.

LASKER, District Judge.

This action arises out of the events of the silver market in the years 1979 and 1980. Plaintiff Douglas J. Michelson, who until August of last year appeared pro se, alleges that the defendants conspired to corner the silver market, thereby causing the price to rise to unprecedented levels and then drop precipitously and plaintiff to suffer injuries of more than one million dollars. Throughout the case, which originated in New Mexico in 1983...

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