Selig STRAX, Plaintiff,
v.
COMMODITY EXCHANGE, INC., Nelson Bunker Hunt, William Herbert Hunt, Lamar Hunt, International Metals Investment Co., Ltd., Bache Halsey Stuart Shields, Inc., Bache Group, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Conticommodity Services, Inc., Norton Waltuch, Melvin Schnell, Gillian Financial, Conticapital Management, Inc., Conticapital Ltd., Naji Robert Nahas, Sheik Mohammed Aboud Al-Amoudi, Sheik Ali Bin Mussalem Banque Populaire Suisse, The Board of Trade of the City of Chicago and "John Does" Nos. 17 through 30, Defendants.
United States District Court, S. D. New York.https://leagle.com/images/logo.png
September 11, 1981.
September 11, 1981.
Attorney(s) appearing for the Case
Toboroff Gottesman & Lovell, New York City, for plaintiff; Leonard Toboroff, Christopher Lovell, New York City, of counsel.
Baer, Marks & Upham, New York City, for defendant Commodity Exchange, Inc.; Mark A. Buckstein, Barry J. Mandel, Thomas E. Albright, New York City, of counsel.
Kirkland & Ellis, Chicago, Ill., and Townley & Updike, New York City, for defendant Board of Trade of the City of Chicago; Jonathan D. Moses, Chicago, Ill., and James K. Leader, New York City, of counsel.
Hughes, Hubbard & Reed, New York City, and Shank, Irwin, Conant, Williamson & Greville, Dallas, Tex., for defendants Nelson Bunker Hunt, William Herbert Hunt, and Lamar Hunt; Powell Pierpoint, George A. Davidson, Joseph C. Garni, Margaret G. Sokolov, New York City, and Robert Goldberg, of counsel.
Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for defendants ContiCommodity Services, Inc., ContiCapital Management, Inc., ContiCapital Limited, and Norton Waltuch; Mark H. Alcott, Richard D. Friedman, New York City, of counsel.
Sullivan & Cromwell, New York City, for defendants Bache Halsey Stuart Shields Inc. and Bache Group Inc.; Marvin Schwartz, Nadine Strossen, Florence A. Davis, New York City, of counsel.
Chadbourne, Parke, Whiteside & Wolff, New York City, for defendants ContiCommodity Services, Inc. and Norton Waltuch; Daniel J. O'Neill, Michael C. Gilbert, Henry B. Pitman, New York City, of counsel.
Rogers & Wells, New York City, for defendant Merrill Lynch, Pierce, Fenner & Smith, Inc.; James V. Ryan, Susan A. Garcia, New York City, of counsel.
Arnold & Porter, Washington, D. C. and Fried, Frank, Harris, Shriver & Jacobson, New York City, for defendant Banque Populaire Suisse.
United States District Court, S. D. New York.
LASKER, District Judge.
This lawsuit arises out of the much publicized events in the silver market in 1979 and 1980 which included the meteoric rise in the price of silver and the subsequent collapse of the market in March 1980. Selig Strax filed this class action1 against Nelson Bunker Hunt, William Herbert Hunt, Lamar Hunt, International Metal Investment Co., Ltd. ("IMIC"), Bache Halsey Stuart Shields, Inc., Bache Group (together, "Bache...
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