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BROWN v. HUTTON GROUP

No. 89 Civ. 611 (WCC).

795 F.Supp. 1307 (1992)

Kay N. BROWN, et al., Plaintiffs, v. The HUTTON GROUP, et al., Defendants.

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

April 27, 1992.

Attorney(s) appearing for the Case

Beigel & Sandler, Ltd., P.C., New York City and Chicago, Ill. (Elizabeth M. Toll, of counsel), for plaintiffs.

Spengler Carlson Gubar Brodsky & Frischling, New York City (Richard P. Swanson, of counsel), and Smith, Gill, Fisher & Butts, P.C., Kansas City, Mo., Irvin V. Belzer, Daniel R. Young, of counsel), for defendants, Indian Wells Production Co., Indian Wells Oil Co. and Hutton/Indian Wells 1983 Energy Income Fund, Ltd.

Skadden, Arps, Slate, Meagher & Flom, New York City (Edward J. Yodowitz, Robert L. Meyers, of counsel), for defendants The E.F. Hutton Group, Inc., E.F. Hutton & Co., Inc., Hutton Energy Services II, Inc., Shearson Lehman Hutton, Inc.

OPINION AND ORDER

WILLIAM C. CONNER, District Judge:

This action is currently before the Court on the motion of plaintiffs, Kay N. Brown, et al., pursuant to Section 476 of the Federal Deposit Insurance Corporation Improvement Act of 1991, Pub.L. No. 102-242, 105 Stat. 2236 (to be codified as Section 27A of the Securities Exchange Act of 1934, 15 U.S.C. § 78aa-1) to reinstate their claims under Section 10(b) of the Exchange Act.

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