The MUNSEY TRUST, Plaintiff,
v.
SYCOR, INC., Drexel Burnham & Co. Incorporated, Samuel N. Irwin, Herbert S. Amster, K. Dieter Heidrich, G. William Ince, Raymond P. Kavlick, Paul C. LaVoie, Richard A. Phillips, Henry M. Lapeza, Frederick B. Dean, James E. Dingman, Michael E. Gellert, Harvey G. Melhouse, Theodore J. Smith, Trude C. Taylor, Electronic Memories & Magnetics Corporation, Windcrest Partners, Viking, Inc., Delta N.V., Coordinated Apparel, Inc., Gavrin Associates, Harold Lamport, Account R Partnership, Anthony M. Lamport, Trustee, and Anthony M. Lamport, Defendants.
United States District Court, S. D. New York.https://leagle.com/images/logo.png
September 28, 1978.
September 28, 1978.
Attorney(s) appearing for the Case
Rabin & Silverman, New York City, for plaintiff by I. Stephen Rabin and Michael D. DiGiovanna, New York City.
Marshall, Bratter, Greene, Allison & Tucker, New York City, for defendants Sycor, Inc., Herbert S. Amster and Samual N. Irwin by Charles H. Miller and Wayne Matus, New York City.
Hughes, Hubbard & Reed, New York City, for defendants Drexel Burnham & Co. Incorporated and Michael E. Gellert by George Davidson and Melinda Roberts, New York City.
Donovan, Leisure, Newton & Irvine, New York City, for defendants Electronic Memories & Magnetics Corporation, Windcrest Partners, Viking, Inc., Gavrin Associates, Coordinated Apparel, Inc., Harold Lamport Account R Partnership, Anthony M. Lamport, Trustee, Anthony M. Lamport, Frederick B. Dean, James E. Dingman and Trude C. Taylor by Allan R. Freedman and Doris K. Shaw, New York City.
Debevoise, Plimpton, Lyons & Gates, New York City, for defendants K. Dieter Heidrich, G. William Ince, Raymond P. Kavlick, Paul C. LaVoie, Richard A. Phillips, Henry M. Lapeza, Harvey G. Mehlhouse and Theodore J. Smith by Robert J. Geniesse, New York City.
Cole & Deitz, New York City, for objectants Independence Fund, Inc., Travelers Equities Fund, Inc. and The Travelers Fund B for Variable Contracts by Robert M. Kerrigan, New York City.
United States District Court, S. D. New York.
OPINION
MacMAHON, District Judge.
The parties in this securities fraud class action apply for approval of a proposed settlement. Rule 23(e), Fed.R.Civ.P. Counsel for plaintiff also apply for an allowance of attorneys' fees and disbursements.
The complaint alleges that defendants Sycor, Inc. ("Sycor"), its officers and directors, certain sellers of Sycor stock, and Drexel Burnham & Co., managing underwriter of a public offering of Sycor stock...
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