Michael F. ARMSTRONG, as Receiver of Capital Growth Company, S.A. (Costa Rica) and Capital Growth Company, S.A. (Panama), Robert Moore, suing on his own behalf and derivatively on behalf of Capital Growth Fund, and Francesco Galofaro, suing on his own behalf and derivatively on behalf of Capital Growth Real Estate Fund, Inc., Plaintiffs-Appellants-Cross-Appellees,
v.
Clovis McALPIN, Capital Growth Real Estate Fund, Inc., Defendants-Appellees-Cross-Appellants,
New Providence Securities, Ltd., S.A., New Providence Securities, Ltd., Arawak Trust Company, Ltd., Brown Brothers Harriman & Co., Goldman, Sachs & Co., EHG Enterprises Inc., Sheffield Advisory Company, Sheffield Advisory Company, S.A., Fiduciary Trust Company, Bradford Trust Company, Sion Plaza, S.A., Sanford C. Shultes, Ariel E. Gutierrez, Enrique Gutierrez, Joseph D. Schwerin, Koitcho Beltchev, Capital Growth Management Company, Ltd., Hayden Stone & Co., Alberto Alvarez, Antonio Pena Chavarria, Hacienda Cafetalera Santa Elena, Ltd., Jose Figueres Ferrer, Moore & Schley, Cameron & Co., William Hutchinson & Co., R.H. Pringle, P.J. Rafferty, Sociedad Agricola Industrial San Cristobal, S.A., and Capital Growth Fund, Defendants-Appellees.
United States Court of Appeals, Second Circuit.https://leagle.com/images/logo.png
Argued May 17, 1982.
Decided January 24, 1983.
Attorney(s) appearing for the Case
Kent T. Stauffer, New York City (Gordon, Hurwitz, Butowsky, Baker, Weitzen & Shalov and Mathew E. Hoffman, New York City, on brief), for plaintiffs-appellants-cross-appellees Armstrong, Moore and Galofaro.
J. Robert Lunney, New York City (Lunney & Crocco, Michael J. McAllister and James J. DeLuca, New York City on brief), for defendants-appellees-cross-appellants Clovis McAlpin and Capital Growth Real Estate Fund, Inc.
Matthew Gluck, New York City (Fried, Frank, Harris, Shriver & Jacobson, New York City, on brief), for defendants-appellees Arawak Trust Co., Ltd., R.H. Pringle, P.J. Rafferty.
William E. Wurtz, New York City (Davis, Polk & Wardwell, James W.B. Benkard and Paul W. Bartel, New York City, on brief), for defendant-appellee Brown Brothers Harriman & Co.
James E. Tyrell, New York City (Sullivan & Cromwell and Marvin Schwartz, New York City, on brief), for defendants-appellees Goldman, Sachs & Co.
Mary L.B. Betts, New York City (LeBoeuf, Lamb, Leiby & MacRae and Taylor R. Briggs, New York City, on brief), for defendant-appellee Bradford Trust Co.
Edward C. McLean, Jr., New York City (Chadbourne, Parke, Whiteside & Wolff and Edwin D. Scott, New York City, on brief), for defendant-appellee HS Equities, Inc.
James J. Maloney, New York City (Rogers & Wells and Barbara J. Green, New York City, on brief), for defendant-appellee Moore & Schley, Cameron & Co.
James J. Terry, New York City (Cole & Deitz and Robert E. Kushner, New York City, on brief), for defendant-appellee William Hutchinson & Co.
Before WATERMAN and VAN GRAAFEILAND, Circuit Judges, and POLLACK, District Judge.
United States Court of Appeals, Second Circuit.
VAN GRAAFEILAND, Circuit Judge:
Plaintiffs-appellants appeal from a judgment of the United States District Court for the Southern District of New York (Werker, J.) dismissing their securities fraud complaint on motion of the defendants. Cross-appellants appeal from the order of Judge Werker denying their motion to disqualify plaintiffs' attorneys. We affirm the judgment in part and reverse and remand it in part. Because we are reversing the judgment in favor of cross...
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