SEIFFER v. TOPSY'S INTERN., INC.

Civ. A. No. KC-3435.

487 F.Supp. 653 (1980)

Robert SEIFFER et al., Plaintiffs, v. TOPSY'S INTERNATIONAL, INC., et al., Defendants. BEAR, STEARNS & CO., et al., Defendants and Third-Party Plaintiffs, v. TOUCHE ROSS & CO. et al., Third-Party Defendants. G. WALKER & COMPANY, Defendant and Third-Party Plaintiff, v. G. Kenneth BAUM et al., Third-Party Defendants. BEAR, STEARNS & CO., et al., Defendants and Third-Party Plaintiffs, v. Jerome F. TEGELER et al., Third-Party Defendants. BEAR, STEARNS & CO., et al., Defendants and Third-Party Plaintiffs, v. BRYAN, CAVE, McPHEETERS & McROBERTS, et al., Third-Party Defendants. TOPSY'S INTERNATIONAL, INC., et al., Defendants and Third-Party Plaintiffs, v. BRYAN, CAVE, McPHEETERS & McROBERTS, et al., Third-Party Defendants.

United States District Court, D. Kansas.

March 19, 1980.


Attorney(s) appearing for the Case

Barton P. Cohen, Cohen & Cohen, Overland Park, Kan., Robert C. Gordon, Rich, Granoff & Gordon, Thomas W. Van Dyke, Linde, Thomson, Van Dyke, Fairchild & Langworthy, Sheridan Morgan, Donald H. Loudon, Kansas City, Mo., for all plaintiffs.

Charles S. Schnider, Schnider, Shamberg & May, Mission, Kan., Harry P. Thomson, Jr., William B. Prugh, Dennis Palmer, and Robert R. Raymond, Shughart, Thomson & Kilroy, Kansas City, Mo., for defendants Topsy's International, Inc., Jerry D. Berger, James T. House and Harry Nuell.

Martin J. Purcell, John R. Gibson and John R. Bancroft, Morrison, Hecker, Curtis, Kuder & Parrish, Kansas City, Mo., Willard L. Phillips and John J. Jurcyk, Jr., McAnany, Van Cleave & Phillips, Kansas City, Kan., for defendants Bear, Stearns & Co., William Blair & Co., H. O. Peet & Co., Inc., First of Michigan Corp., Johnson, Lane, Space, Smith & Co., Inc.; Stephens, Inc., Stifel Nicolaus & Co., Inc., B. C. Christopher & Co., Piper, Jaffray & Hopwood, Inc. (successor to Ebin, Robertson & Co., Inc.), Hallowell, Sulzberger, Jenks & Co.; J. N. Russell, Inc., Hugh Johnson & Co., Inc., Mark Henry & Co., Zuckerman, Smith & Co., Kohlmeyer & Co., Scherck, Stein & Franc, Inc., Norris & Hirshberg, Inc.

Martin M. Green, Anderson, Green, Fortus & Lander, Clayton, Mo., for defendant I. M. Simon & Co.

Elsie K. DeVan, Corporate Secretary, for defendant Disbro & Co.

William H. Sanders and Edward Matheny, Jr., Blackwell, Sanders, Matheny, Weary & Lombardi, Kansas City, Mo., Leonard O. Thomas, Weeks, Thomas, Lysaught, Bingham & Johnston, Kansas City, Kan., for defendant G. H. Walker & Co.

Oppenheimer, Wolff, Foster, Shepard & Donnelly, St. Paul, Minn., N. Jack Brown, Boddington, Brown & Unverferth, Kansas City, Kan., for defendant Marvin L. Tucker, Adm. of the Estate of N. J. Sharlip, deceased, Ralph J. Tucker, George H. Charno, Jr., Sidney L. Willens, James P. Jouras and Marvin L. Tucker, d/b/a Tucker, Charno, Willens, Jouras & Tucker, a professional corporation.

William G. Levi and George W. Winger, Smith, Schwegler, Swartzman & Winger, Kansas City, Mo., Robert P. Anderson and Keith Martin, Payne & Jones, Olathe, Kan., Francis J. Higgins, Bell, Boyd, Lloyd, Haddad & Burns, Chicago, Ill., for defendant John D. Crouch, Thomas H. Devine, Jerry B. Jackson, Loren G. Hoffman, Carl Lipoff, Mary J. McCann, Rodney T. Minkin, Robert J. Petsche, Ben Ruben, and others, d/b/a Touche Ross & Co.

Frank Cicero, Jr. and Tefft W. Smith, Kirkland & Ellis, Chicago, Ill., Blake A. Williamson and Donald A. Hardy, Williamson, Cubbison & Hardy, Kansas City, Kan., for third-party defendant G. Kenneth Baum.

David R. Hardy, Gene E. Voigts, and Leo P. Dreyer, Shook, Hardy & Bacon, Kansas City, Mo., George A. Lowe, Olathe, Kan., for third-party defendants Robert H. McRoberts, Jr., Thomas S. McPheeters, Jr., William H. Charles, Arthur B. Shepley, Jr., Marion S. Francis, William C. Connett IV, Thomas V. Connelly, Veryl L. Riddle, Robert G. Brady, George S. Hecker, Robert H. McRoberts, Jr., William D. Crampton, Robert L. Sweney, John J. Goebel, William M. Van Cleave, Edwin S. Taylor, Jerome M. Rubenstein, Joseph F. Mueller, George V. Meisel, I. Jack Lerner, Harold G. Blatt, C. Perry Bascom, Paul P. Weil, Thomas C. Walsh, and Frederick W. Scherrer, d/b/a Bryan, Cave, McPheeters & McRoberts.

J. Willard Haynes, Kansas City, Kan., and John Calvert, Kansas City, Mo., for third-party defendant Dempsey-Tegeler & Co., Inc.

Joseph J. Kelly, Jr., Spencer, Fane, Britt & Browne, Kansas City, Mo., and Ernest N. Yarnevich, Kansas City, Kan., for third-party defendants Jerome F. Tegeler, John C. Hecht, Lewis J. Whitney, and Albert F. Gummersbach.


MEMORANDUM AND ORDER

O'CONNOR, District Judge.

                                     TABLE OF CONTENTS

I.   INTRODUCTION ......................................................... 658

II.  THE LAW AS TO THE CLAIMS OF PLAINTIFFS AND THE CLASS ................. 661

     A. Jurisdiction and Venue ............................................ 661

     B. Touche, Ross & Co. as a Defendant .................................

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