KAUFMAN AND BROAD, INC. v. BELZBERG

80 Civ. 5981 (WCC).

522 F.Supp. 35 (1981)

KAUFMAN AND BROAD, INC., a Maryland corporation, Plaintiff, v. Samuel BELZBERG, William Belzberg, Hyman Belzberg, David A. Croll, Richard C. Baxter, Allister M. G. Grosert, W. Bernard Herman, Joseph H. Shocter, Arnold H. Jeffrey, Glenn M. Ferguson, D. U. Pekarsky, David Laven, Frank D. Jones, Roderick R. McDaniel, Michael Cytrynbaum, Morley Koffman, Roxboro Investments, Ltd., an Alberta corporation, First City Financial Corporation Limited, a British Columbia corporation, First City Trust Company, an Alberta corporation, First City Developments, Ltd., an Alberta corporation, First City Developments Corporation, a Washington corporation, Bel-Fran Investments Limited, an Alberta corporation, Bel-Cal Holdings, Limited, an Alberta corporation, Bel-Alta Holdings, Limited, an Alberta corporation, and Far West Financial Corporation, a Delaware corporation, Defendants.

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

March 12, 1981.


Attorney(s) appearing for the Case

White & Case, New York City, for plaintiff; Thomas McGanney, Peter M. Collins, Edward J. M. Little, New York City, of counsel.

Skadden, Arps, Slate, Meagher & Flom, Solin & Breindel, New York City, for defendants; Jeffrey Glekel, Charles Yablon, Katherine Hill, Laura Ward, New York City, of counsel.


OPINION AND ORDER

CONNER, District Judge.

On October 21, 1980, plaintiff Kaufman and Broad, Inc. ("K & B") filed a complaint for injunctive and other equitable relief, charging defendants with violations of Sections 13 and 14 of the Securities Exchange Act of 1934 ("1934 Act"), 15 U.S.C. §§ 78m and 78n, Regulation X of the Federal Reserve Board, 12 C.F.R. § 224 ("Regulation X") and unspecified...

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