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CL-ALEXANDERS LAING & CRUICKSHANK v. GOLDFELD

No. 87 Civ. 6113 (MBM).

739 F.Supp. 158 (1990)

CL-ALEXANDERS LAING & CRUICKSHANK, Plaintiff, v. Seymour B. GOLDFELD, Goldfeld and Charak, Laura Katz, in her Capacity as Preliminary Executrix of the Estate of Hyman Katz, and Arthur Andersen & Co., Defendants.

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

June 4, 1990.

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 defendant Arthur Andersen & Co.

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

OPINION AND ORDER

MUKASEY, District Judge.

Plaintiff CL-Alexanders Laing & Cruickshank ("Alexanders"), a London investment banker, arranged for certain of its clients to purchase in Great Britain 2 million shares in Container Industries, Inc. ("Container" or "CII"), a Delaware corporation with its principal place of business in New Jersey. The purchase was part of a private placement in June 1986. Plaintiff hired defendant Arthur Andersen & Co. of...

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