MALLIS v. BANKERS TRUST CO.

Nos. 783, 987, Dockets 82-7734, 79-7780.

717 F.2d 683 (1983)

Samuel MALLIS and Franklyn B. Kupferman, Plaintiff-Appellees, Cross-Appellants, v. BANKERS TRUST COMPANY, Defendant-Appellant, Cross-Appellee.

United States Court of Appeals, Second Circuit.

Decided September 1, 1983.


Attorney(s) appearing for the Case

Noel W. Hauser, P.C., New York City, for plaintiff-appellees, cross-appellants.

Paul J. Bschorr, New York City (White & Case, New York City, Laura B. Hoguet, Richard G. Greco, Dorothea W. Regal, New York City, of counsel), for defendant-appellant, cross-appellee.

Before LUMBARD, OAKES and NEWMAN, Circuit Judges.


LUMBARD, Circuit Judge:

This is the third time that we have been asked to review a judgment of the Southern District of New York in this action brought by plaintiffs Samuel Mallis and Franklyn Kupferman to recover losses suffered as a result of what we have termed on a prior review "a somewhat unusual securities transaction."1 Mallis v. Bankers Trust Co., 615 F.2d 68

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