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DREXEL BURNHAM LAMBERT v. MERCHANTS INV. COUN.

No. 1-483A112.

451 N.E.2d 346 (1983)

DREXEL BURNHAM LAMBERT, Incorporated and Moseley, Hallgarten, Estabrook & Weeden, Inc., Appellants (Defendants below) v. MERCHANTS INVESTMENT COUNSELING, Inc., and Merchants National Bank & Trust Company of Indianapolis, Appellees (Plaintiffs below).

Court of Appeals of Indiana, First District.

July 11, 1983.

Attorney(s) appearing for the Case

Phillip A. Terry, Roger D. Erwin, McHale, Cook & Welch, p.c., Indianapolis, Kenneth E. Meister, Cahill, Gordon & Reindel, p.c., Shearman & Sterling, New York City, Kent M. Frandsen, Parr, Richey, Obremskey & Morton, Lebanon, for appellants.

James A. McDermott, Anne N. DePrez, Barnes & Thornburg, Indianapolis, Thomas A. Whitsitt, Peyton, Giddings, Whitsitt, Baker & McClure, Lebanon, for appellees.

ROBERTSON, Presiding Judge.

Drexel Burnham Lambert, Incorporated (Drexel) and Moseley, Hallgarten, Estabrook, & Weeden, Inc. (Moseley), bring an interlocutory appeal challenging the trial court's denial of their motion to dismiss in a securities claim initiated by Merchants Investment Counseling, Inc. (Merchants Investment) and Merchants National Bank and Trust Company of Indianapolis (Merchants Bank).

We affirm.

Merchants Bank and Merchants Investment...

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