William D. PETTIT, Thomas J. Crawford and Harry Berger, as Trustees in Reorganization of the Estates of Swan-Finch Oil Corporation, Keta Gas and Oil Company and Swan-Finch Petro Chemical Corporation, Plaintiffs,
v.
AMERICAN STOCK EXCHANGE et al., Defendants.
United States District Court S. D. New York.https://leagle.com/images/logo.png
March 7, 1963.
On Request for Certification April 15, 1963.
Attorney(s) appearing for the Case
George C. Levin, James V. Hallisey, New York City, for trustees.
Forsythe, McGovern & Fetzer, New York City, for defendants American Stock Exchange, Joseph F. Reilly, James R. Dyer, Charles T. Bocklet and John J. Mann; Thomas A. McGovern and Burton L. Knapp, New York City, of counsel.
Milbank, Tweed, Hope & Hadley, New York City, for defendants Swiss Credit Bank, Zurich, Swiss Credit Bank, New York Agency and Swiss American Corp.; William Eldred Jackson and Rebecca M. Cutler, New York City, of counsel.
Fulton, Walter & Duncombe, New York City, for defendants Edward T. McCormick and Michael E. Mooney; Hugh Fulton, George Rowe, Jr., and Lawrence W. Schilling, New York City, of counsel.
Delson & Gordon, New York City, for defendant Ira Haupt & Co.; Norman Moloshok, New York City, of counsel.
United States District Court S. D. New York.
PALMIERI, District Judge.
This is a suit by trustees appointed pursuant to Chapter X of the Bankruptcy Act1 against the American Stock Exchange (Exchange) and others for alleged complicity in larcenous acts perpetrated by Lowell Birrell with respect to the fraudulent issuance of Swan-Finch stock and its subsequent sale to the public. This suit follows a series of public revelations that were both startling in nature and widespread in effect...
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