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AXEL JOHNSON, INC. v. ARTHUR ANDERSEN & CO.

No. 89 Civ. 6490(MEL).

790 F.Supp. 476 (1992)

AXEL JOHNSON, INC., Plaintiff, v. ARTHUR ANDERSEN & CO., Defendant.

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

April 25, 1992.

Attorney(s) appearing for the Case

Milberg Weiss Bershad Specthrie & Lerach, New York City (Jared Specthrie, Michael C. Spencer, Sanford P. Dumain, Deborah Clark-Weintraub, of counsel), for plaintiff.

Curtis, Mallet-Prevost, Colt & Mosle, New York City (Eliot Lauer, Peter Sullivan, Benard V. Preziosi, Jr., of counsel), for defendant.

Otto G. Obermaier, U.S. Atty., S.D.N.Y., New York City (Kay K. Gardiner, Asst. U.S. Atty., of counsel).

LASKER, District Judge.

Axel Johnson, Inc. moves under Fed. R.Civ.P. 60(b) for relief from the dismissal of its securities fraud complaint against Arthur Andersen & Co. Its earlier suit was dismissed as time-barred under the Supreme Court's decision in Lampf, Pleva, Lipkind, Prupis & Petigrow v. Gilbertson, ___ U.S. ___, 111 S.Ct. 2773, 115 L.Ed.2d 321 (1991). Lampf established a new uniform statute of limitations for actions pursuant to §...

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