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HANDWERGER v. GINSBERG

No. 929, Docket 75-7095.

519 F.2d 1339 (1975)

Jay HANDWERGER, Plaintiff-Appellee, v. Charles GINSBERG, Jr., et al., Defendants, Arthur Andersen & Co., Defendant-Appellant.

United States Court of Appeals, Second Circuit.

Decided July 16, 1975.

Attorney(s) appearing for the Case

Edward J. Ross, New York City (Breed, Abbott & Morgan, James D. Zirin, New York City, Wilson & McIlvaine, Charles W. Boand, Chicago, Ill., on the brief), for defendant-appellant.

Melvyn I. Weiss, New York City (Milberg & Weiss, David J. Bershad, Jared Specthrie, New York City, and Sharon Levine Mirsky, Flushing, N. Y., on the brief), for plaintiff-appellee.

Before SMITH, ANDERSON and OAKES, Circuit Judges.

ROBERT P. ANDERSON, Circuit Judge:

Jay Handwerger, appellee, who had purchased $5,000 principal amount of convertible debentures of Sanitas Service Corporation (Sanitas) in January, 1973, brought suit in the United States District Court for the Southern District of New York, as representative of the class of individuals, estimated to number 4,200, who had purchased debentures or common stock of Sanitas between September 21, 1972 and April 13, 1973, the period during...

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