IND LEAGUE v. OPTIONS CORP


107 Misc.2d 43 (1980)

Independent Investors Protective League et al., Plaintiffs, v. Options Clearing Corporation et al., Defendants.

Supreme Court, Special Term, Nassau County.

November 14, 1980


Attorney(s) appearing for the Case

Lord, Day & Lord for defendants. Bader & Bader for plaintiffs.


JOHN S. LOCKMAN, J.

Defendants apply to the court for an order striking the class allegations from the complaint on the grounds that plaintiffs have failed to move for a determination of the propriety of the class action within the period provided by CPLR 902.

This action arises from the esoteric realm of options trading. One of the defendants issued a prospectus which stated that the price of the options in which it traded were determined by...

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