Rochelle GROSSER, Plaintiff,
v.
COMMODITY EXCHANGE, INC., Comex Clearing Association, Inc., the Board of Trade of the City of Chicago, the Board of Trade of the City of Chicago Clearing Corporation, Mid-America Commodity Exchange, Mid-America Clearing Corporation, Nelson Bunker Hunt, William Herbert Hunt, Lamar Hunt, International Metals Investment Co., Ltd., Prudential-Bache Securities, Inc., Bache Halsey Stuart Shields, Inc., Bache Group, Inc., Alvin Brodsky, Merrill Lynch Pierce Fenner & Smith Incorporated, Conticommodity Services, Inc., Norton Waltuch, Melvin Schnell, Gilion Financial, Conticapital Management, Inc., Conticapital Ltd., Naji Robert Nahas, Sheik Mohammed Aboud Al-Amoudi, Sheik Ali Bin Mussalem, and Banque Populaire Suisse, Defendants.
United States District Court, S.D. New York.https://leagle.com/images/logo.png
July 18, 1986.
As Amended September 11, 1986.
Attorney(s) appearing for the Case
Cole, Raywid & Braverman, Washington, D.C., Mailman & Gigante, New York City, for plaintiff; Alan Raywid, Margaret E. Haering, Frances J. Chetwynd, Washington, D.C., Gary Mailman, New York City, of counsel.
Paul Weiss, Rifkind, Wharton & Garrison, Sheldon L. Berens, New York City, Glen F. Hackmann, Chicago, Ill., for ContiCommodity Services, Inc., ContiCapital Management Inc. and Norton Waltuch; Mark H. Alcott, Richard A. Rosen, William P. Farley, Peter W. Schneider, New York City, of counsel.
Sullivan & Cromwell, New York City, for Bache Group Inc. and Prudential-Bache Securities, Inc. (formerly known as Bache Halsey Stuart Shields Inc.); Marvin Schwartz, Richard H. Klapper, Marcy Engel, of counsel.
Seyfarth, Shaw, Fairweather & Geraldson, New York City, Shank, Irwin & Conant, Dallas, Tex., for Lamar Hunt, Nelson Bunker Hunt and W. Herbert Hunt; Daniel S. Greenfeld, New York City, Roger Goldburg, Rederick G. Steakley, Robert F. Wolin, Dallas, Tex., of counsel.
Rogers & Wells, New York City, for Merrill Lynch, Pierce, Fenner & Smith Inc.; William R. Glendon, Guy C. Quinlan, Susan A. Garcia, of counsel.
Skadden Arps Slate Meagher & Flom, New York City, for Melvin Schnell; Michael Diamond, Erskine D. Henderson, of counsel.
Perito, Duerk, Carlson & Pinco, P.C., Washington, D.C., for International Metals Inv. Co., Ltd.; John P. Wintrol, Robert L. Pokusa, of counsel.
Baer Marks & Upham, New York City, for Commodity Exchange, Inc. and Comex Clearing Ass'n, Inc.; Barry J. Mandel, Thomas E. Albright, William A. Brandt, Jr., of counsel.
Kirkland & Ellis, Chicago, Ill., for Board of Trade of the City of Chicago; John E. Angle, T. Webster Brenner, of counsel.
Murphy & Boyle Chartered, Chicago, Ill., for Board of Trade Clearing Corp.; Robert D. Boyle, Jay L. Statland, of counsel.
Townley & Updike, New York City, for Board of Trade of the City of Chicago and Bd. of Trade Clearing Corp.; James K. Leader, of counsel.
Cohn & Blau, Edward J. Swan, New York City, for MidAmerica Commodity Exchange; James L. Fox, Donald P. Colleton, Abramson & Fox, Chicago, Ill., of counsel.
Louis F. Burke & Associates, New York City, for Alvin Brodsky; Jeffrey N. Levy, Amy M. Slifka, of counsel.
United States District Court, S.D. New York.
LASKER, District Judge.
This lawsuit arises out of the events in the silver market during the 1970s and early 1980, including the dramatic rise in the price of silver in 1979 and the collapse of the market in March 1980, which have been the subject of detailed press coverage, books, congressional investigations, and much litigation. Rochelle Grosser, on behalf of herself and each person who held a long silver futures position between January 8, 1980 and March 27,...
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