S.E.C. v. FOUNDATION HAI

No. 90 CIV. 0277 (SWK).

736 F.Supp. 465 (1990)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. FOUNDATION HAI, Holding Protection, Ltd., Robert Rossi, Unifund SAL, Tamanaco Saudi & Gulf Investment Group, and Certain Purchasers of the Common Stock of And Options to Purchase the Common Stock of Rorer Group, Inc., Defendants.

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

March 1, 1990.


Attorney(s) appearing for the Case

S.E.C. by Thomas C. Newkirk, Barry R. Goldsmith and Mark Kreitman, Washington, D.C., for plaintiff.

Willkie, Farr & Gallagher by Philippe M. Salomon, New York City, for defendant Unifund SAL.

Samuel Burstyn, Miami, Fla., for defendant Tamanaco Saudi & Gulf Inv. Group.


MEMORANDUM OPINION AND ORDER

KRAM, District Judge.

This is an insider trading action brought by the Securities and Exchange Commission ("SEC") for alleged violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. This Court granted a temporary restraining order and expedited discovery. Presently before this Court is the motion of the Securities and Exchange Commission for a preliminary injunction against defendants Unifund SAL (...

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