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BORDEN, INC. v. SPOOR BEHRINS CAMPBELL & YOUNG

No. 89 Civ. 8645(WCC).

735 F.Supp. 587 (1990)

BORDEN, INC., et al., Plaintiffs, v. SPOOR BEHRINS CAMPBELL & YOUNG, INC., et al., Defendants.

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

April 26, 1990.

Attorney(s) appearing for the Case

Bressler, Amery & Rothenberg, New York City, for plaintiffs; Noel C. Crowley, Bernard Bressler and Robert Brantl, of counsel.

Sullivan & Cromwell, New York City, for defendants First Interstate Bank, Ltd. and First Interstate Investment Services, Inc.; Philip L. Graham, Jr., of counsel.

OPINION AND ORDER

WILLIAM C. CONNER, District Judge:

This securities action is presently before the Court on the motion of defendants First Interstate Bank, Ltd. and First Interstate Services, Inc. to dismiss the complaint as against them for failure to state a claim upon which relief may be granted pursuant to Fed.R.Civ.P. 12(b)(6). For the following reasons, defendants' motion is denied.

BACKGROUND

The complaint in this action alleges...

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