LEASCO DATA PROCESSING EQUIPMENT CORP. v. MAXWELL

Nos. 278, 138-142, Dockets 71-1563, 72-1638-72-1640, 72-1611 and 72-1654.

468 F.2d 1326 (1972)

LEASCO DATA PROCESSING EQUIPMENT CORPORATION, Leasco World Trade Company (U.K.) Ltd., Plaintiffs-Appellees, v. Robert MAXWELL et al., Defendants-Appellants. LEASCO DATA PROCESSING EQUIPMENT CORPORATION, Leasco World Trade Company (U.K.) Limited, Plaintiffs-Appellants, v. Isidore KERMAN, Defendant-Appellee.

United States Court of Appeals, Second Circuit.

Decided October 30, 1972.


Attorney(s) appearing for the Case

Anthony F. Phillips, New York City (Willkie, Farr & Gallagher and Jack David, New York City, of counsel), for plaintiffs-appellants.

Howard A. Heffron, Washington, D. C., for defendant-appellee, Isidore Kerman.

Frederick B. Boyden, New York City (Shaw, Bernstein, Scheuer, Boyden & Sarnoff and Helen E. Freedman, New York City, of counsel), for defendant-appellant Robert Maxwell.

John S. Martin, Jr., New York City (Martin & Obermaier, New York City, of counsel), for defendant-appellant Chalmers, Impey & Co.

Peter K. Leisure, New York City (Curtis, Mallet-Prevost, Colt & Mosle and Ernest A. Gross, John P. Campbell, John E. Sprizzo, Peter A. Kalat, and Robert S. Lipton, New York City, of counsel), for defendants-appellants Robert Fleming & Co. Limited and Robert Fleming, Inc.

Maurice N. Nessen, New York City (Nickerson, Kramer, Lowenstein, Nessen & Kamin, New York City, of counsel), for defendants-appellants Isthmus Enterprises, Inc., Maxwell Scientific International, Inc. and MSI Publishers, Inc.

Anthony F. Phillips, New York City (Willkie, Farr & Gallagher, Howard C. Buschman, III, Jack David and Mary F. Kelly, New York City, of counsel), for plaintiffs-appellees.

Before FRIENDLY, Chief Judge, FEINBERG, Circuit Judge, and DAVIS, Associate Judge.


FRIENDLY, Chief Judge:

This case, in which the plaintiffs (hereinafter collectively referred to as Leasco) seek large damages allegedly resulting from the purchase of shares of a British company on the London Stock Exchange, first came to our attention in October, 1971, on Leasco's appeal from a judgment entered by Judge Lasker in the District Court for the Southern District of New York, 319 F.Supp. 1256, dismissing the complaint...

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