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BADER v. FLESCHNER

Nos. 74 Civ. 4129, 74 Civ. 4208, 75 Civ. 3178 and 75 Civ. 4765 (CHT).

463 F.Supp. 976 (1978)

Nathan BADER, Plaintiff, v. Malcolm K. FLESCHNER, William J. Becker and Harold B. Ehrlich, Defendants and Third-Party Plaintiffs, v. HARRY GOODKIN & CO., Third-Party Defendant. Irving BADER, Plaintiff, v. Malcolm K. FLESCHNER, William J. Becker and Harold B. Ehrlich, Defendants and Third-Party Plaintiffs, v. HARRY GOODKIN & CO., Third-Party Defendant. PRIME FUNDING CO., Custom Shop Corp., 198-204 Main Street Corp., Custom Shop 55th Street Corp., Custom Shop Dallas Corp. and Mortimer Levitt, Plaintiffs, v. FLESCHNER BECKER ASSOCIATES, Malcolm K. Fleschner, William J. Becker, Harold B. Ehrlich, Leon Pomerance and Arctos Corporation, Defendants. Irving BADER, Plaintiff, and Lawrence A. Tisch and Preston R. Tisch, Intervenor Plaintiffs, v. William J. BECKER, Malcolm K. Fleschner, Harold B. Ehrlich, Leon Pomerance, Arctos Corporation, Fleschner Becker Associates and Harry Goodkin & Co., Defendants.

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

December 27, 1978.

Attorney(s) appearing for the Case

Weinstein & Levinson, New York City, for plaintiffs; Frank Weinstein, Samuel Weinstein, Leonard I. Schreiber, New York City, of counsel.

Sullivan & Cromwell, New York City, for defendants Malcolm K. Fleschner, William J. Becker, Harold B. Ehrlich and Leon Pomerance; Richard E. Carlton, David M. Olasov, Robert D. Owen, New York City, of counsel.

OPINION

TENNEY, District Judge.

The motions before this Court are brought with regard to portions of four actions — individual and derivative — which have been consolidated for purposes of trial. All derivative and individual claims allege, essentially, irregularities in the activities of the general partners of Fleschner Becker Associates, an investment partnership of which the plaintiffs were limited partners. Defendants' motion pursuant...

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