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CRESSWELL v. SULLIVAN & CROMWELL AND PRUDENTIAL-BACHE SECURITIES, INC.

No. 721, Docket 89-7914.

922 F.2d 60 (1990)

Edward CRESSWELL, Agriconsultants Incorporated, American Growth Properties Management Company Ltd., Eric Appleton, Befors Finance Ltd., John Bird, Nora Bird, Peter Burkhardt, Peter Byk, John A.L. Chettoe, David E. Cope, Dennis R. Dudeney, V.S. Dwivedi, Lars Feuk, Fletcher Investments Ltd., John H. Fletcher, Noel Fox, Stuart J. Gardiner, C.L. Gavzey, F. George, Kenneth E.F. George, Verity Anne Gibbons, Robert Grant, Polly Gregory, A.D. Harris, David G. Hart, John M. Hawkins, Patricia Hawkins, Spencer Hayes, Hilary Corporation, Inc., Anthony Hyde, Izrada, S.A., Gordon Walter James, Joval Investments Ltd., Jad Kabban, Philip J. Knight, Pierre Lamarche, Roger Landau, Andrew Lewis, Horace G. Lovegrove, James J. Mather, Malcolm Milton, Gregoire Mozdyniewicz, Collin David Parker, Pezco Overseas, Inc., John Pirie, Matthew H. Pridgeon, A. Remini, Julia A. Robin, Roger Y. Robin, Claudine Seikaly, John B. Shaw, Robert W. Shields, Sianplan Ltd., Reginald E. Silletto, Basilla L.W. Abel Smith, David F. Smith, Alec Snobel, Geoffrey W. Sutcliffe, R.L. Thomas, Mary C. Wallace, Jan Wallin, Patricia Wilkinson, as Executrix, and Gord N. Wilson, Plaintiffs-Appellants, Damer Harrisson, S.A., Plaintiff. v. SULLIVAN & CROMWELL and Prudential-Bache Securities, Inc., Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Final Briefs Submitted February 7, 1990.

Decided December 10, 1990.

Attorney(s) appearing for the Case

Richard B. Cooper, New York City (James M. Latimer, Cooper, Brown & Behrle, P.C., New York City, on the brief), for plaintiffs-appellants.

Bernard W. Nussbaum, New York City (Kenneth B. Forrest, Jeffrey I. Lang, Wachtell, Lipton, Rosen & Katz, on the brief), for defendants-appellees.

Before OAKES, Chief Judge, and KEARSE and FLETCHER, Circuit Judges.

KEARSE, Circuit Judge:

Plaintiffs Edward Cresswell, et al., appeal from a final judgment of the United States District Court for the Southern District of New York, Robert W. Sweet, Judge, 704 F.Supp. 392, principally (1) dismissing so much of their second amended complaint as charged defendant Sullivan & Cromwell ("S & C") with fraudulent nondisclosure during discovery in a prior action by plaintiffs against...

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