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S.E.C. v. DREXEL BURNHAM LAMBERT, INC.

No. 88 Civ. 6209 (MP).

956 F.Supp. 503 (1997)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. DREXEL BURNHAM LAMBERT, INC., et al., Defendants.

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

February 25, 1997.

Attorney(s) appearing for the Case

Securities and Exchange Commission (Leo F. Orenstein, of counsel), Washington, D.C., for Plaintiff.

Sullivan & Cromwell (Richard H. Klapper, of counsel), New York City, for Fischbach Corporation.

Berger & Montague (David Berger, of counsel), Philadelphia, PA, for Mark L. Glosser, Trustee for Pennsylvania Engineering Corp.

Kirkland & Ellis (Jean Reed Haynes, of counsel), New York City, for Defendant Victor Posner.

Metzger, Hollis, Gordon & Mortimer (Stuart Gordon, of counsel), Washington, D.C., for Defendant Steven Posner.

Proskauer Rose Goetz & Mendelsohn (Richard H. Rowe, of counsel), Washington, D.C., for George Heyman, Trustee.

OPINION

MILTON POLLACK, Senior District Judge:

Plaintiff Securities and Exchange Commission has moved this Court for an order directing the Court Registry Investment System ("CRIS") to pay to the general fund of the United States Treasury all monies held by CRIS that were paid as disgorgement herein (the "Fund") by defendants Victor Posner and Steven Posner, plus all accrued interest thereon. The approximate amount of the Fund is $4,382,772.26.

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