SALOMON BROS v. W VA INVS BD


152 Misc.2d 289 (1990)

Salomon Brothers, Inc., et al., Plaintiffs, v. West Virginia State Board of Investments et al., Defendants.

Supreme Court, New York County.

April 24, 1990


Attorney(s) appearing for the Case

Herzfeld & Rubin, P. C. (Herbert Rubin of counsel), Wolff Adris (Mary Lee Wolff of counsel) of the Tennessee Bar, admitted pro hac vice, and Roger Tompkins, Attorney General of the State of West Virginia (Thomas J. Gillooly of counsel), admitted pro hac vice, for defendants. Wachtell, Lipton, Rosen & Katz for Salomon Brothers, Inc., plaintiff. Davis Polk & Wardwell for Morgan Stanley & Co., Inc., plaintiff. Sullivan & Cromwell for Goldman Sachs & Co., plaintiff.


HAROLD BAER, JR., J.

Plaintiffs, five prominent dealers in United States Government securities, brought this action seeking a declaratory judgment of nonliability to defendants on any cause of action within this court's jurisdiction. Defendants now move to dismiss the action for failure to state a claim and on the basis of forum non conveniens. Since this matter was begun, two plaintiffs have settled, leaving...

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