KERNER v. CROSSMAN


211 F.Supp. 397 (1962)

Lawrence KERNER, Plaintiff, v. Jerome F. CROSSMAN, E. W. Axe, Ruth H. Axe, Donald W. Ellsworth, Kenneth O. Mott-Smith, Henry Logan, J. Keith Torbert, E. W. Axe & Co., Inc., the Huntington Corporation, Axe Securities Corporation and Axe-Houghton Fund B, Inc., Defendants.

United States District Court S. D. New York.

May 31, 1962.


Attorney(s) appearing for the Case

Stanley L. Kaufman, and Irwin M. Taylor, of Kaufman, Taylor & Kimmel, New York City, for plaintiff.

Edward C. McLean and Robert von Mehren, of Debevoise, Plimpton & McLean, New York City, for defendants E. W. Axe, Ruth H. Axe, E. W. Axe & Co., Inc. and Axe Securities Corp.

William Stackpole, of Parker, Duryee, Benjamin, Zunino & Malone, New York City, for defendant Axe-Houghton Fund B, Inc.

William Leighton pro se.

Axelrod & Jaffe, New York City, for George Hillman.


BONSAL, District Judge.

On the motion of the plaintiff, this Court issued an order on April 5, 1962 ordering a hearing for the purpose of:

(1) Determining whether the settlement of this action as proposed in the stipulation of settlement between the parties dated April 4, 1962 should be approved by this Court and whether the complaint should be dismissed with prejudice;

(2) In the event of the approval of the aforesaid settlement, determining the Court...

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