MODERN SETTINGS, INC. v. PRUDENTIAL-BACHE SECURITIES, INC.

Nos. 1047, 1048, Dockets 90-7831, 90-7833.

936 F.2d 640 (1991)

MODERN SETTINGS, INC. and Binder and Binder, as attorneys for Modern Settings, Inc., Plaintiffs-Appellees, Cross-Appellants, v. PRUDENTIAL-BACHE SECURITIES, INC., and Prudential-Bache Metal Co., Inc., Defendants-Appellants, Cross-Appellees, Modern Settings, Inc., Bialystock & Bloom Productions Inc. & Co., Counterclaim Defendants-Appellees, Cross-Appellants.

United States Court of Appeals, Second Circuit.

Decided May 6, 1991.


Attorney(s) appearing for the Case

Peter A. Jaffe, New York City (Jaffe and Asher, New York City, Ira N. Glauber, Gregory E. Galterio, of counsel) for plaintiffs-appellees, cross-appellants.

John M. Friedman, Jr., New York City (Dewey Ballantine, New York City, Susan C. Meaney, of counsel), for defendants-appellants, cross-appellees.

Before LUMBARD, NEWMAN, and ALTIMARI, Circuit Judges.


LUMBARD, Circuit Judge:

Modern Settings, Inc., and Binder and Binder, as attorneys for Modern Settings, which is bankrupt, brought suit in the Southern District of New York against Prudential-Bache Securities, Inc. (Securities) and Prudential-Bache Metal Co., Inc. (Metal)1 in 1983 alleging that Securities and Metal wrongfully liquidated Modern Settings's trading account with Securities, engaged...

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