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SCHONHOLTZ v. AMERICAN STOCK EXCHANGE INC.

No. 238, Docket 74-1795.

505 F.2d 699 (1974)

George J. SCHONHOLTZ, Plaintiff-Appellant, v. AMERICAN STOCK EXCHANGE INC. et al., Defendants-Respondents.

United States Court of Appeals, Second Circuit.

Decided November 25, 1974.

Attorney(s) appearing for the Case

Sidney B. Silverman, New York City (Silverman & Harnes, New York City, on the brief), for plaintiff-appellant.

John J. Loflin, New York City (R. Scott Greathead and Lord, Day & Lord, New York City, on the brief), for defendant-respondent American Stock Exchange.

Elizabeth M. Taylor, New York City (John B. Daniels, Robert P. Mitchell, and Winthrop, Stimson, Putnam & Roberts, New York City, on the brief), for defendants-respondents Ramsey, Re, Farrell, Rochlin & Erdman and Bear, Stearns & Co.

Before KAUFMAN, Chief Judge, and ANDERSON and MULLIGAN, Circuit Judges.

PER CURIAM:

Schonholtz brought suit against the American Stock Exchange (ASE) and the firm of Ramsey, Re, Farrell, Rochlin and Erdman [Ramsey], the specialist in Levitz stock1 on behalf of the class of individuals who purchased Levitz Furniture Corporation common stock on the ASE between October 20, 1969 and August 24, 1971 to cover short sales. He claimed that insiders and institutions owned...

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