DILLON v. MILITANO

No. 89 Civ. 6111 (MP).

731 F.Supp. 634 (1990)

John DILLON, individually and on behalf of all others similarly situated, Plaintiff, v. Vincent MILITANO, Milton Sonneberg, Moore & Schley Cameron & Co., Stanley Chase and Securities Settlement Corp., Defendants.

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

March 6, 1990.


Attorney(s) appearing for the Case

Abbey & Ellis, New York City by Lee Squitieri, for plaintiff.

Mayer, Brown & Platt, New York City by Mark Kassowitz and Hector Torres, for defendant Securities Settlement Corp.

McGuire, Woods, Battle & Boothe, Washington, D.C. by Thomas McGonigle, for defendant Moore & Schley, Cameron & Co.


OPINION

MILTON POLLACK, Senior District Judge:

Plaintiff, a putative class representative, filed suit against the defendants alleging violations of Sections 9(a)(2), (3), (4), 10(b) and 20 of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78i, 78j and 78t, as amended, and Rule 10b-5, 17 C.F.R. § 240.10b-5, promulgated thereunder.1

Plaintiff alleged that the defendants had engaged in a scheme to corner...

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