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BRUCE & CO. v. SIMPSON & CO.

40 Misc.2d 501 (1963)

Richard Bruce & Co., Inc., Plaintiff, v. J. Simpson & Co., Inc., et al., Defendants.

Supreme Court, Special Term, New York County.

June 24, 1963

Attorney(s) appearing for the Case

Hays, St. John, Abramson & Heilbron (Hartley James Chazen of counsel), for plaintiff. Glass & Greenapple (Lawrence Greenapple of counsel), for defendants.

ABRAHAM N. GELLER, J.

Defendants move for dismissal of the complaint for legal insufficiency.

This is an action by a stock brokerage firm which entered into an underwriting agreement with the corporate defendant with respect to a proposed public offering of 50,000 shares of its Class A stock to be sold at $6 per share. The first cause of action is asserted against the corporate defendant for the underwriting...

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