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LITTON INDUSTRIES v. LEHMAN BROS. KUHN LOEB INC.

No. 86 Civ. 6447 (JMC).

709 F.Supp. 438 (1989)

LITTON INDUSTRIES, INC., Plaintiff, v. LEHMAN BROTHERS KUHN LOEB INCORPORATED, Dennis Levine, Ira B. Sokolow, Robert M. Wilkis, Bank Leu International, Ltd., Bank Leu A.G., Bernhard Meier, John R. Lademann, Bruno Pletscher, Jean-Pierre Fraysse, Christian Schlatter, John Doe, Jane Doe and John Doe, Inc., Defendants.

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

March 27, 1989.

Attorney(s) appearing for the Case

Myerson Kuhn & Sterrett, Washington, D.C. by Harvey A. Levin and Michael I. Smith, for plaintiff.

Fried, Frank, Harris, Shriver & Jacobson, Washington, D.C. by Henry A. Hubschman, David M. Miles and David B. Hardison, for defendants, Bank Leu A.G., Leu Trust and Banking (Bahamas) Ltd., John R. Lademann, Bruno Pletscher and Christian Schlatter.

Willkie Farr & Gallagher, New York City by Anthony F. Phillips, Jeanne M. Luboja, Jonathan P. Wolfert and Ziporah Janowski, for defendant, Lehman Bros. Kuhn Loeb Inc.

Ashinoff, Ross & Goldman, New York City by Michael H. Barr, for defendant, Robert Wilkis.

Paul, Weiss, Rifkind, Wharton & Garrison, New York City by Brad S. Karp, for defendant, Dennis Levine.

Weisberg & Berns, New York City by David E. Weisberg, for defendant, Jean-Pierre Fraysse.

Curtis, Mallet-Prevost, Colt & Mosle, New York City by Eliot Lauer, for defendant, Ira B. Sokolow.

MEMORANDUM AND ORDER

CANNELLA, District Judge.

Defendants' motion for partial summary judgment is granted. Fed.R.Civ.P. 56(d).

BACKGROUND

Plaintiff Litton Industries, Inc. ["Litton"] is a Delaware corporation engaged in the business of defense electronics. Prior to 1983, Itek was a Delaware corporation engaged in the business of electronic warfare, a sub-specialty of the defense electronics industry. At all times prior to 1983, shares of...

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