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SELIGSON v. NEW YORK PRODUCE EXCHANGE

No. 66 Civ. 1016.

378 F.Supp. 1076 (1974)

Charles SELIGSON, as Trustee in Bankruptcy of Ira Haupt & Co., a Limited Partnership, Bankrupt, Plaintiff, v. NEW YORK PRODUCE EXCHANGE et al., Defendants.

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

May 17, 1974.

Attorney(s) appearing for the Case

Weil, Gotshal & Manges, New York City, for plaintiff.

Baer & Marks, New York City, for defendants New York Produce Exchange Clearing Assn., Solomon J. Weinstein, David L. Boyer.

Holtzmann, Wise & Shepard, New York City, for defendants, New York Produce Exchange, Donald V. MacDonald, Sidney Fashena, I. Usiskin & Co., Carl R. Berg.

Emmet, Marvin & Martin, New York City, for defendant Fahnestock & Co.

Schwarzberg & Kittrell, New York City, for defendant Harry B. Anderson.

Brown, Wood, Fuller, Caldwell & Ivey, New York City, for defendant Merrill Lynch, Pierce, Fenner & Smith, Inc.

Dewey, Ballantine, Bushby, Palmer & Wood, New York City, for defendants Bunge Corp. and Walter C. Klein.

Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for defendants Continental Grain Co. and Harold H. Vogel.

OPINION

ROBERT L. CARTER, District Judge.

Explanatory Statement

This case arises out of what has come to be known as the "Salad Oil Swindle", one of the most notorious commercial and financial disasters in American history. The swindle resulted in losses to various exporters, brokers, warehousemen, financial institutions, and insurers in excess of $100 million, and led to a string of lawsuits and investigations extending over the past ten...

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