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DEPT. OF ECONOMIC DEV. v. ARTHUR ANDERSEN & CO.

No. 85 Civ. 1292(CES).

683 F.Supp. 1463 (1988)

DEPARTMENT OF ECONOMIC DEVELOPMENT, Plaintiff, v. ARTHUR ANDERSEN & CO. (U.S.A.), Arthur Andersen & Co. (Republic of Ireland) and Arthur Andersen & Co. (United Kingdom), Defendants.

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

On Motion to Certify for Interlocutory Appeal April 5, 1988.

Attorney(s) appearing for the Case

Mudge, Rose, Guthrie, Alexander & Ferdon, New York City, for plaintiff; Malcolm R. Schade, Robert Sidorsky, of counsel.

Breed, Abbot and Morgan, New York City, for defendants; James D. Zirin, James J. Sabella, Adrian V. White, Alan J. Sorkowitz, of counsel.

MEMORANDUM DECISION

STEWART, District Judge:

Plaintiff Department of Economic Development ("DED"), an agency of the British government operating principally in Northern Ireland, brings this securities fraud action against defendants Arthur Andersen & Co. (USA) ("AA-US"), Arthur Andersen & Co. (Republic of Ireland) ("AA-Ireland") and Arthur Andersen & Co. (United Kingdom) ("AA-UK"). Defendants are affiliated accounting firms.

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