MOSKOWITZ v. ARTHUR ANDERSEN & CO.

No. 78 Civ. 5374 (GLG).

464 F.Supp. 1246 (1979)

Paul MOSKOWITZ and Frances Moskowitz, in behalf of themselves and all other parties similarly situated and circumstances, Plaintiffs, v. ARTHUR ANDERSEN & COMPANY, Dorlexa Co., Howard Dulman, Individually and d/b/a Van Eck Associates, Richard Gersh, Mervyn Silver, Gerald Lee, Joseph W. Heilbrun, and "John Doe" and "Richard Roe" being fictitious, the parties intended being those persons identified in the complaint herein by such appellations, Defendants.

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

February 1, 1979.


Attorney(s) appearing for the Case

Bader & Bader, White Plains, N. Y., for plaintiffs; I. Walton Bader, New York City, of counsel.

Breed, Abbott & Morgan, New York City, Wilson & McIlvaine, Chicago, Ill., for defendant, Arthur Andersen & Co.; James D. Zirin, James R. Peterson, New York City, Charles W. Boand, Chicago, Ill., of counsel.


OPINION

GOETTEL, District Judge:

This is an action against several directors of Frigitemp Corp. and Arthur Andersen & Co., the independent accountants for Frigitemp, involving alleged deficiencies in financial statements and in other aspects connected with Frigitemp's publicly held securities. The plaintiff brought the action, on behalf of a class of stock purchasers, in New York State Supreme Court, and the accountant defendant removed it to this court...

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