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KRONFELD v. TRANS WORLD AIRLINES, INC.

No. 83 Civ. 8641 (EW).

631 F.Supp. 1259 (1986)

Joel KRONFELD, Plaintiff, v. TRANS WORLD AIRLINES, INC. and Trans World Corporation, Defendants.

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

March 31, 1986.

Attorney(s) appearing for the Case

Pomerantz, Levy, Haudek, Block & Grossman, Harvey Greenfield, New York City, for plaintiff; Stanley M. Grossman, Bruce G. Stumpf, Shaheen Rushd, of counsel.

Hughes, Hubbard & Reed, New York City, for defendants; Robert J. Sisk, Norman C. Kleinberg, Rebecca Northey, Janice B. Stanton, Bradley J. Andreozzi, of counsel.

EDWARD WEINFELD, District Judge.

Plaintiff, suing on behalf of a class of purchasers of securities of Trans World Airlines ("TWA" or "the Airline"), alleges violations of § 10(b) of the Securities Exchange Act of 19341 and § 11 of the Securities Act of 1933.2 Plaintiff alleges that the July 29, 1983 prospectus by which TWA offered a new issue of convertible preferred stock failed to disclose that...

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