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WEINRAUB v. INTERNATIONAL BANKNOTE CO., INC.

No. 75 Civ. 5683 (CHT).

433 F.Supp. 1092 (1977)

Irving WEINRAUB, Earl Adler, Howard Miller, Murray Winter and Burton Matfus, Plaintiffs, v. INTERNATIONAL BANKNOTE COMPANY, INC., B. T. Babbitt, Inc., B. T. B. Corporation, Edward H. Weitzen, Barry Hirsch and David Bernstein, Defendants.

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

July 7, 1977.

Attorney(s) appearing for the Case

Alan Paul Weinraub, and William Greenberg, New York City, for plaintiffs.

Simpson, Thacher & Bartlett, New York City, for defendants; Melvyn L. Cantor, John J. Poggi, Jr., New York City, of counsel.

MEMORANDUM

TENNEY, District Judge.

This action was commenced in November 1975 and alleges that defendants violated Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), and Rule 10b-5, 17 C.F.R. § 230.10b-5, promulgated thereunder, and the common law in connection with defendants' 1969 acquisition from plaintiffs of certain stock. Plaintiffs allege that they were fraudulently induced to enter the securities transaction. Defendants...

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