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TERRYDALE LIQUIDATING TRUST v. GRAMLICH

No. 81 CIV 2806 (LBS).

549 F.Supp. 529 (1982)

TERRYDALE LIQUIDATING TRUST, as Successor to Terrydale Realty Trust, William Bolton, Commonwealth Holding Co., Oliver R. Grace, Jr., and BCG Associates, Plaintiffs, v. John J. GRAMLICH, J. Russell Gramlich, Michael J. Gramlich, James A. Kostoryz, Terrydale Management Corporation, John D. O'Flaherty, J. Harlan Stamper, Thomas J. Murphy, San Francisco Real Estate Investors, Lincoln Tower Building Co., and Subdale Corp., Defendants.

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

July 29, 1982.

Attorney(s) appearing for the Case

Leventritt Lewittes & Bender, Garden City, N.Y., for plaintiffs; Sidney Bender, Garden City, N.Y., of counsel.

Landels, Ripley & Diamond, San Francisco, Cal., for defendant San Francisco Real Estate Investors; Harvey K. Leiderman, San Francisco, Cal., of counsel.

Rogers & Wells, New York City, for defendants; Herbert C. Earnshaw, Rex W. Mixon, Jr., New York City, of counsel.

OPINION

SAND, District Judge.

By Opinion dated January 28, 1982, 540 F.Supp. 822 ("Opinion"), this Court, inter alia, granted the motion to dismiss of San Francisco Real Estate Investors ("SFREI") on the ground of lack of a statutory basis for personal jurisdiction. The Court found that § 27 of the Securities Exchange Act ("the Act"), 15 U.S.C. § 78aa, could not provide a basis for jurisdiction because plaintiffs...

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