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INDEPENDENT INVEST. PRO. LEAGUE v. NEW YORK STOCK EXCH.

No. 73 Civ. 2823.

367 F.Supp. 1376 (1973)

INDEPENDENT INVESTOR PROTECTIVE LEAGUE, in behalf of its membership affected and Richard A. Gordon, individually and as President of the Independent Investor Protective League, Plaintiffs, v. NEW YORK STOCK EXCHANGE, Defendant.

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

December 12, 1973.

Attorney(s) appearing for the Case

Bader & Bader, New York City, for plaintiffs.

Milbank, Tweed, Hadley & McCloy, New York City, for defendant.

LASKER, District Judge.

Independent Investor Protective League ("Investors"), an association of small investors, sues the New York Stock Exchange ("the Exchange") alleging that the Exchange has publicly announced that certain member firms are in financial difficulties and under Exchange surveillance, but that the Exchange refuses to identify them. Investors seeks a mandatory injunction against non-disclosure and money damages in the event that one of the firms fails...

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