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HAYDEN v. PAUL, WEISS, RIFKIND, WHARTON & GARRISON

No. 88 Civ. 8048 (JES).

955 F.Supp. 248 (1997)

Raymond P. HAYDEN; Racia Jame Newman; Alan S. Fishbone; David I. Samuels; Hyman Askowitz; Hill Rivkins, Carey, Loesberg, O'Brien & Mulray; Barry Tallering; Tartan Oil Corp.; J. Edwin Carey; Geraldine Bura, Executrix for the Estate of Mark Bura; Burton Trinkoff; Joseph Kandel; Miles R. Ingber; Nat Sorkin; Alan S. Loesberg; Vincent J. Ryan; State Realty Co.; Nathan L. Freedman; Antoinette M. Salinitro, Executrix for the Estate of Nicholas Salinitro; M. John Germain; Murray Wolfkind; AMP Associates; Jame & Jame Management; Harvey Jame; Michael Rosen; Abraham Weissman; Bernard Silver; Neil M. Silverman; Richard Warsoff; Tamp Enterprises; William M. Feingold; Thomas & Cheryl Dowd; Harold Richman; Poles, Tublin, Patestides & Stratakis; Geoffrey A. Mattana; A. Mathew Miller; Daniel Sussman; Harold & Doris Sachs; Morton; Parnes; Jerome Parnes; Kenneth Dorman; Avram Dorman; M. John Germain, Executor for the Estate of Irving A. Germain; Bruce Altman; Harry Leventhal; Andrew Jiritano; Arthur Kaplan; Gordon A.A. & Darlene R. Smith; Jay R. Thalheim; Thomas Kalb; Jack Schuss; Richard David; Seymour S. Kane; Steven Seltzer; Victor Dorman; Estate of R.C. Kopf; Richard Reitman; Friedman & Gabriner Investment Co.; Charles Mueller; Alan Hagler; Herbert Solomon; Michael Solomon; Matsil Associates; Matsil Associates II; Matsil Associates III; Rosemar Associates; Wallace Chavkin; Douglas Leonetti; Fred H. Leonetti; Fred R. Leonetti; Lewis G. Zirkle, M.D.; Harold Friedman; Leighton Wood; Susan Wood; James Berger; Irving Gerstein; Robert Hirsch; Bruce L. Miller; Bruce Miller, II; Barry R. Miller; James A. Duffy; Kenneth M. Kroll; John Kamb; George B. Dewey; Wayne Clough; Mike Pegram; David Hansen; Steve Johnson; William Moffat; Edward J. Watson, Jr.; Ira C. Yates; Max W. & Pauline E. Dale; Charles Potter; William Dorman; Allan E. Rein; Richard L. Tomasetti; Charles Thornton; Leo Wang; Stanley J. Seren; Leo Schachter; Elliot Tannenbaum; Eric Austein; Joseph E. & Marie T. Manion; Neil Dorman; Marjorie Dorman; Francis J. O'Brien; Sanford Cohen; Martin L. Rein; Irwin Cohen; Ronald P. Erickson; Russel A. Austin, Jr.; Don Gulliford; George Kargianis; John I. Weston, Jr.; and Bernard Forseter; Matthew F. Hogan; John E. Crowther, Eugene Gatti; William A. Sample; John A. Rodgers; T & R. Investments; Dennis Garcelon; Harold Jay Rosenblatt, Plaintiffs, v. PAUL, WEISS, RIFKIND, WHARTON & GARRISON and Price Waterhouse, Defendants.

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

February 20, 1997.

Attorney(s) appearing for the Case

Beigel, Schy, Lasky, Rifkind, Fertik & Gelber, New York City (Bijan Amini, Elizabeth M. Toll, of counsel), for Plaintiffs.

Debevoise & Plimpton, New York City (Edwin Schallert, Fritz Beshar, Michele R.M. Campbell, Julie Brandfield, of counsel), for Defendant Price Waterhouse.

Price Waterhouse, New York City (Erica B. Baird, of counsel), for Defendant Price Waterhouse.

MEMORANDUM OPINION AND ORDER

SPRIZZO, District Judge:

Plaintiffs, investors in certain limited partnerships, assert claims against defendant Price Waterhouse ("Price") based upon a primary violation of § 10(b) of the Exchange Act, 15 U.S.C. § 78j(b), and Rule 10b-5 promulgated thereunder, aiding and abetting violations of the same, common law fraud, negligence, and violations of the Racketeer Influenced and Corrupt Organizations Act ("RICO"), 18...

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