O'BRIEN v. PRICE WATERHOUSE

No. 88 Civ. 4153 (PKL).

740 F.Supp. 276 (1990)

James O'BRIEN, Sheldon Friedman, Eugene Gans, Sheldon Smith, James Errant, individually and on behalf of all other persons similarly situated, Plaintiffs, v. PRICE WATERHOUSE and Howard Jackson Associates, Inc., Defendants.

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

June 27, 1990.


Attorney(s) appearing for the Case

Beigel & Sandler, Ltd., New York City (Herbert Beigel, Bijan Amini, of counsel), Much Shelist Freed Denenberg Ament & Eiger, P.C. (Michael J. Freed, Kenneth A. Wexler, of counsel), Chertow & Miller (Marvin A. Miller, Patrick E. Cafferty, of counsel), Chicago, Ill., for plaintiffs.

Debevoise & Plimpton (Mary Jo White, David W. Rivkin, Edwin G. Schallert, of counsel), Rodman W. Benedict, Associate Gen. Counsel Price Waterhouse, New York City, for defendant Price Waterhouse.

Kaplan & Kilsheimer, New York City (Frederic S. Fox, Jonathan K. Levine, of counsel), for defendant Howard Jackson Associates, Inc.


ORDER & OPINION

LEISURE, District Judge:

Plaintiffs filed this action against more than sixty defendants, claiming that their investments in four limited partnerships were fraudulently induced. Plaintiffs have alleged violations of § 10(b) of the Securities Exchange Act of 1934, the Racketeer Influenced and Corrupt Organizations Act, 18 U.S.C. § 1961 et seq. ("RICO"), and state law in connection with the issuance of private placement...

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