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ECONOMIC DEV. v. ARTHUR ANDERSEN & CO.

No. 85 Civ. 1292 (MBM).

924 F.Supp. 449 (1996)

DEPARTMENT OF ECONOMIC DEVELOPMENT, Plaintiff, v. ARTHUR ANDERSEN & CO. (U.S.A.), Arthur Andersen & Co. (Republic of Ireland), Arthur Andersen & Co. (United Kingdom), Richard E. Beckman, Richard L. Measelle, and Edward A. Massura, Defendants-Third-Party Plaintiffs, v. Alex H. FETHERSTON, C. Shaun Harte, Ronald J. Henderson, Anthony S. Hopkins and James Sim, Third-Party Defendants.

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

April 2, 1996.

Attorney(s) appearing for the Case

Malcolm R. Schade, Robert Sidorsky, Mark D. Beckett, Kathleen E. McKay, Jack V. Valinoti, James Whelan, Nicole S. Polley, Mudge, Rose, Guthrie, Alexander & Ferdon, New York City, for Plaintiff.

James D. Zirin, James J. Sabella, Brenda F. Szydlo, William C. Rand, Brown & Wood, New York City, for Defendants.

MUKASEY, District Judge.

The Department of Economic Development ("DED"), an agency of the British government operating principally in Northern Ireland, brings this securities fraud action against the accounting firm Arthur Andersen & Co. ("AA") and three of its partners, Richard L. Measelle, Edward A. Massura, and Richard E. Beckman. Defendants have moved for summary judgment on all claims on various grounds. For the reasons that follow, the motion is granted...

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