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JEFFERIES & COMPANY, INC. v. ARKUS-DUNTOV

No. 73 Civ. 1407 (MIG).

357 F.Supp. 1206 (1973)

JEFFERIES & COMPANY, INC., Plaintiff, v. Yura ARKUS-DUNTOV et al., Defendants.

United States District Court, S. D. New York.

April 12, 1973.

Attorney(s) appearing for the Case

Donovan, Leisure, Newton & Irvine, New York City, for plaintiff; by Roger Kapp, Allan Freedman, M. Lauck Walton, New York City, of counsel.

Gilbert, Segall & Young, New York City, for defendant Yura Arkus-Duntov; by Robert Layton, Fredrick Sherman, New York City, of counsel.

Milbank, Tweed, Hadley & McCloy, New York City, for defendant Chase Manhattan Bank, N.A.; by Briscoe R. Smith, New York City, of counsel.

Shea, Gould, Climenko & Kramer, New York City, for defendant United Missouri Bank of Kansas City; by Bruce Hecker, New York City, Landon Rowland, Kansas City, Mo., of counsel.

GURFEIN, District Judge.

Plaintiff ("Jefferies"), a broker member of the New York Stock Exchange, sues to rescind a transaction in which it acted as a broker for the defendant Arkus-Duntov ("Duntov") in the sale of 24,475 shares of common stock of Equity Funding Corporation of America ("Equity Funding"). It also seeks to enjoin the payment of two certified checks made by it to Duntov and to the defendant United Missouri Bank of Kansas City ("United Bank") in the respective...

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