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AMERICAN BUYING INS. SERV. v. K. KORNREICH & SONS

No. 95 Civ. 1676 (LAK).

944 F.Supp. 240 (1996)

AMERICAN BUYING INSURANCE SERVICES, INC., et al., Plaintiffs, v. S. KORNREICH & SONS, INC., et al., Defendants.

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

September 30, 1996.

Attorney(s) appearing for the Case

Jeffrey R. Mann, Rubin Baum Levin Constant & Friedman, New York City, for Plaintiffs.

Andrew C. Jacobson, Michael R. Koblenz and Mitchell S. Cohen, Mound Cotton & Wollan, New York City, for Defendants.

MEMORANDUM OPINION

KAPLAN, District Judge.

This action asserts claims under the Racketeer Influenced and Corrupt Organizations Act ("RICO"), 18 U.S.C. § 1961 et seq., and for common law fraud, breach of contract, negligent misrepresentation, and conversion. The underlying dispute arises from the creation and operation of an insurance buying program proposed by plaintiffs and to be operated by Kornreich Insurance Services ("KIS"), which is alleged...

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