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BERSCH v. DREXEL FIRESTONE, INCORPORATED

Nos. 783, 784, 795 and 822, Dockets 75-7038, 75-7055, 75-7057 and 75-7031.

519 F.2d 974 (1975)

Howard BERSCH, Plaintiff-Appellee-Appellant, v. DREXEL FIRESTONE, INCORPORATED, et al., Defendants, Arthur Andersen & Co., I.O.S., Ltd., and Bernard Cornfeld, Defendants-Appellants, J. H. Crang & Co., Defendant-Appellee.

United States Court of Appeals, Second Circuit.

Decided April 28, 1975.

Certiorari Denied December 8, 1975.

Attorney(s) appearing for the Case

Sidney B. Silverman, New York City (Silverman & Harnes, New York City, of counsel), for Howard Bersch, plaintiff-appellee-appellant.

Edward J. Ross, New York City (James D. Zirin and Breed, Abbott & Morgan, New York City, and Charles W. Boand and Wilson & McIlvaine, Chicago, Ill., of counsel), for defendant-appellant Arthur Andersen & Co.

Bernard Mindich, New York City (Michael W. Schwartz, and Wachtell, Lipton, Rosen & Katz, New York City, of counsel), for defendant-appellant I.O.S., Ltd.

Leonard M. Marks, New York City (Martin R. Gold, Charles B. Ortner and Gold, Farrell & Marks, New York City, of counsel), for defendant-appellant Bernard Cornfeld.

Howard C. Buschman, III, New York City (Anthony F. Phillips, Paula J. Mueller and Willkie Farr & Gallagher, New York City, of counsel), for defendant-appellee J. H. Crang & Co.

Before FRIENDLY, MULLIGAN and TIMBERS, Circuit Judges.

Certiorari Denied December 8, 1975. See 96 S.Ct. 453.

FRIENDLY, Circuit Judge:

These appeals from orders of Judge Carter in an action in the District Court for the Southern District of New York again bring before us the question of the territorial reach of the federal securities laws with which we have previously dealt in Schoenbaum v. Firstbrook, 405 F.2d 200 (2 Cir.), rev'd on the merits, 405 F.2d 215

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