Plaintiffs are directors and trustees of the New York Stock Exchange's special trust fund, created by the Exchange to assist customers whose holdings have been placed in jeopardy by insolvency of broker members. Defendants-respondents are former partners of Gregory & Sons, an insolvent brokerage house, whose affiliation therewith had terminated prior to the date that a liquidation agreement was entered into between plaintiffs and Gregory's surviving partners. Pursuant...
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