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DONALDSON LUFKIN SEC. v. STAR

150 Misc.2d 126 (1991)

Donaldson Lufkin & Jenrette Securities Corporation et al., Individually and as Comanagers of an Underwriting Syndicate Consisting of 80 Participating Underwriters, Plaintiffs, v. Star Technologies, Inc., Defendant.

Supreme Court, New York County.

March 11, 1991

Attorney(s) appearing for the Case

Davis Polk & Wardell for plaintiffs. Pollack & Kaminsky for defendant.

EDWARD H. LEHNER, J.

This is a motion by plaintiffs for reargument of the decision of October 12, 1990 (148 Misc.2d 880) denying their request for summary judgment. On this application they contend that, although Federal public policy may preclude enforcement of an agreement between an issuer and an underwriter for indemnity with respect to liability for wrongful conduct...

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