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MATTER OF BALTIA AIR LINES, INC. v. CIBC OPPENHEIMER CORP.

273 A.D.2d 55 (2000)

709 N.Y.S.2d 54

In the Matter of BALTIA AIR LINES, INC., Appellant, v. CIBC OPPENHEIMER CORP. et al., Respondents.

Appellate Division of the Supreme Court of the State of New York, First Department.

Decided June 8, 2000.

This action arises from the disruption of the scheduled initial public offering of the securities of plaintiff, a start-up airline, which resulted from the refusal by defendant CIBC Oppenheimer Corp. (Oppenheimer), the exclusive clearing agent for plaintiff's underwriter (Hornblower), to clear transactions for the offering. To the extent the complaint is based on the contention that Oppenheimer's refusal to clear transactions in...

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