INGENITO v. BERMEC CORPORATION

Nos. 70 Civ. 4077, 70 Civ. 5306 and 70 Civ. 5644.

376 F.Supp. 1154 (1974)

Robert INGENITO and James F. Cear, Plaintiffs, v. BERMEC CORPORATION et al., Defendants. Edward O'SHEA et al., Plaintiffs, v. STATE MUTUAL LIFE ASSURANCE COMPANY OF AMERICA et al., Defendants. Morton BICKART et al., Plaintiffs, v. BERMEC CORPORATION et al., Defendants.

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

May 8, 1974.


Attorney(s) appearing for the Case

Powers & Gross, New York City, for plaintiffs.

Wachtell, Lipton, Rosen & Katz, New York City, for State Mutual Life Assurance Co. of America, Richard H. Wilson and C. John McCloughan, Jr.

Rubin, Wachtel, Baum & Levin, New York City, for Bermec Corp., Herman L. Meckler, Herbert R. Degnan and William C. Ragals, Jr.

Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for Collateral Factors Corp. and Benjamin Cohen.

Baar, Bennett & Fullen, New York City, for Budget Financial Corp.

White & Case, New York City, for Civic Southern Factors Corp.

Natanson & Reich, New York City, for West End Livestock, Inc.

Garey & Garey, New York City, for Jack Dick.

Albert E. Martin, New York City, for William Gladstone.

Hoffberg, Margolies & Ginsberg, New York City, for Herbert Prentice, Robert Segal and Sheldon Bendit.

Glass & Greenberg, New York City, for Victor Puig.

Schwartz, Mermelstein, Burns, Lesser & Jacoby, New York City, for Trustee for Black Watch Farms, Inc. and Black Watch Herds Corp.

Graubard, Moskovitz, McGoldrick, Dannett & Horowitz, New York City, for Trustee for Bermec Corp.

Dunnington, Bartholow & Miller, New York City, for Arthur Andersen & Co.

Amend and Amend, New York City, for Empire National Bank.


MEMORANDUM

LASKER, District Judge.

These three actions arise out of the activities of Defendant Black Watch Farms, Inc. ("Black Watch") which was between 1963 and 1970 in the business of selling Aberdeen Angus breeding cattle and maintaining the animals for the accounts of the purchasers. The purchasers were primarily well-to-do professional and business people who seem to have bought the cattle not out of any particular yearning for the wild west, but as...

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