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PRITCHARD SERVICES GROUP v. INTERN. TEL. & TEL.

No. 79 Civ. 3951 (JMC).

612 F.Supp. 495 (1985)

PRITCHARD SERVICES GROUP OF AMERICA, INC. and Nation-Wide Building Services, Ltd., Plaintiffs, v. INTERNATIONAL TELEPHONE AND TELEGRAPH CORPORATION and ITT Canada Limited, Defendants.

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

March 29, 1985.

Attorney(s) appearing for the Case

Donovan, Leisure, Newton & Irvine, New York City (Kenneth E. Newman, Richard W. Mark, John D. Worland, Jr., New York City, of counsel), for plaintiffs.

Cahill Gordon & Reindel, New York City (Thomas F. Curnin, Thorn Rosenthal, New York City, of counsel), for defendants.

OPINION

CANNELLA, District Judge:

After a nonjury trial on the merits, the Court finds for defendants.

BACKGROUND

Plaintiffs instituted this action charging defendants with violations of Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) and Rule 10b-5, 17 C.F.R. § 240.10b-5, promulgated thereunder by the Securities and Exchange Commission.1 Plaintiffs also allege defendants'...

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