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CRESSWELL v. SULLIVAN & CROMWELL

Nos. 87 Civ. 2685 (RWS), 88 Civ. 2221 (RWS).

704 F.Supp. 392 (1989)

Edward CRESSWELL, et al., Plaintiffs, v. SULLIVAN & CROMWELL and Prudential-Bache Securities, Inc., Defendants. Percy Herbert MEADOWS, Jorgen Hellzen, Chalais Holdings Limited, Elizabeth E. Noble, Ghasson Nagib Pharaon, Gerhardt Schulte-Heuthaus, and Roderick R. Von Etzdorf, Plaintiffs, v. SULLIVAN & CROMWELL and Prudential-Bache Securities, Inc., Defendants.

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

January 11, 1989.

Attorney(s) appearing for the Case

Cooper, Brown & Behrle, P.C., New York City, for Cresswell plaintiffs; Richard B. Cooper, James M. Latimer, of counsel.

Wachtell, Lipton, Rosen & Katz, New York City, for Sullivan & Cromwell; Bernard W. Nussbaum, Kenneth B. Forrest, Rodrigo J. Howard, of counsel.

Dewey, Ballantine, Bushby, Palmer & Wood, New York City, for Prudential-Bache Securities, Inc.; Sanford M. Litvack, Charles Chasin, of counsel.

Brown & Seymour, New York City, for the Meadows plaintiffs; Whitney North Seymour, Jr., Peter Megargee Brown, of counsel.

OPINION

SWEET, District Judge.

Defendant Prudential-Bache Securities Inc. ("Bache") has moved in limine to preclude the deposition and trial testimony of Edward J. Swan, Esq. ("Swan") who represented certain of the plaintiffs in Cresswell v. Prudential-Bache Securities, Inc., 83 Civ. 2099 (RWS) ("Cresswell I") on the grounds that the contingency fee arrangement between Swan and counsel for the plaintiffs here, Richard Cooper, Esq. (...

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