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MERMELSTEIN v. BANK OF NEW YORK CO., INC.

No. CV 90-3400.

985 F.Supp. 320 (1997)

Norman MERMELSTEIN and Jules Bernstein, Plaintiffs, v. The BANK OF NEW YORK COMPANY, INC., Defendants.

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

December 17, 1997.

Attorney(s) appearing for the Case

Weiss & Yourman (Joseph H. Weiss, of counsel), New York City, for plaintiffs.

Sullivan & Cromwell (John L. Warden, Michael W. Martin, of counsel), New York City, for defendant.

MEMORANDUM AND ORDER

NICKERSON, District Judge.

This is a class action brought pursuant to Section 22 of the Securities Act of 1933, 15 U.S.C. § 77v. The class consists of all persons who purchased shares of common stock of the defendant Bank of New York Company, Inc. (Bank of New York) in reliance to their detriment on false and misleading statements in prospectuses issued by the bank in connection with its acquisition of the Irving Bank Corporation...

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