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WERNER v. SATTERLEE, STEPHENS, BURKE & BURKE

No. 89 Civ. 5130 (CSH).

797 F.Supp. 1196 (1992)

Fred WERNER and Paul Oberkircher, as Trustee of the Radiology Medical Associates Money Purchase Pension Trust, Plaintiffs, v. SATTERLEE, STEPHENS, BURKE & BURKE, as Successor to Satterlee & Stephens, Defendant.

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

July 28, 1992.

Attorney(s) appearing for the Case

Lowey Dannenberg Bemporad & Selinger, P.C., New York City, for plaintiffs (Neil L. Selinger, of counsel).

Kutak Rock, New York City, for defendant (Joseph A. Ingrisano,1 Robert L. Magielnicki, and Lindsey Miller-Lerman, of counsel).

MEMORANDUM OPINION AND ORDER

HAIGHT, District Judge:

This federal securities action arises out of the failure of the Matthews & Wright Group, Inc. ("M & W"), an underwriter of tax exempt housing bonds, and plaintiffs' attempts to recover money invested in M & W.

Several related actions have been brought in this District, including the Securities and Exchange Commission ("S.E.C.") investigation of M & W. See S.E.C. v.

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