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CENTER SAV. & LOAN ASS'N v. PRUDENTIAL-BACHE SEC.

No. 86 Civ. 5467 (CSH).

679 F.Supp. 274 (1987)

CENTER SAVINGS & LOAN ASSOCIATION; Trident Federal Savings & Loan Association; Colonial Savings & Loan Association; and Spencer Savings & Loan Association, Plaintiffs, v. PRUDENTIAL-BACHE SECURITIES INC., Defendant.

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

January 15, 1987.

Attorney(s) appearing for the Case

Young, Tarshis & Dimiero, P.C., New York City, for plaintiffs; Alfred D. Dimiero, Lisa M. Palumbo, Sylvia Khatcherian, of counsel.

Brown, Raysman & Millstein, Cahill Gordon & Reindel, New York City, for defendant; Thomas F. Curnin, Thomas J. Kavaler, Lisa Pearson, Anthony Paduano, of counsel.

MEMORANDUM OPINION AND ORDER

HAIGHT, District Judge:

Plaintiffs, five Savings and Loan Associations, bring this action against Prudential-Bache Securities, Inc. ("Pru-Bache") alleging fraud under various federal securities laws. The complaint also alleges state law and common law claims under pendent jurisdiction. Defendant moves to dismiss all counts under various theories.

I.

The complaint alleges that "on or about February 21, 1985"...

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