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WISENER v. AIR EXP. INTERN. CORP.

No. 380, Docket 77-7272.

583 F.2d 579 (1978)

John WISENER, Plaintiff-Appellant, v. AIR EXPRESS INTERNATIONAL CORPORATION, Defendant-Appellee. NOVO CORPORATION, Plaintiff, v. ARTHUR ANDERSEN & CO., Defendant. ARTHUR ANDERSEN & CO., Defendant and Third-Party Plaintiff, v. Albert F. BEITEL, etc., et al., Third-Party Defendants.

United States Court of Appeals, Second Circuit.

Decided June 15, 1978.

Rehearing Denied November 1, 1978.

Attorney(s) appearing for the Case

David W. Cohen, New York City (Freeman, Meade, Wasserman & Schneider, New York City, W. Lawrence Joachim, New York City, of counsel), for plaintiff-appellant.

Joseph L. Forstadt, New York City (Stroock & Stroock & Lavan, New York City, William J. Robbins, New York City, of counsel), for defendant-appellee.

Before FRIENDLY, SMITH and MESKILL, Circuit Judges.

J. JOSEPH SMITH, Circuit Judge:

Two actions based on claimed violations of federal securities acts in connection with an aborted merger of two air express companies, Novo and Air Express International ("AEI"), brought in the United States District Court for the Southern District of New York were settled and dismissed except for cross-claims in each action by Wisener, former officer and director of AEI, for indemnification from AEI for his legal fees and expenses incurred...

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