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REEDER v. MASTERCRAFT ELECTRONICS CORPORATION

No. 68 Civ. 5007.

297 F.Supp. 815 (1969)

Thomas J. REEDER et al., Plaintiffs, v. MASTERCRAFT ELECTRONICS CORPORATION, Al Dayon, James S. Farnell, and H. John Gluskin, Defendants.

United States District Court S. D. New York.

February 3, 1969.

Attorney(s) appearing for the Case

Sidney B. Silverman, New York City, for plaintiffs.

Baar, Bennett & Fullen, New York City, for defendants; Milton I. Newman, New York City, of counsel.

OPINION

HERLANDS, District Judge:

This motion poses a question of practical importance in the expanding field of private litigation arising out of claimed violations of the federal securities acts.

The motion is made by defendants who seek to vacate the order of attachment issued December 16, 1968 on plaintiffs' behest by the judge then handling ex parte applications. The ground of the motion is that plaintiffs' claim predicated on violations...

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