BORDEN v. SPOOR BEHRINS CAMPBELL & YOUNG

No. 89 Civ. 8645 (WCC).

828 F.Supp. 216 (1993)

BORDEN, INC., Alfred S. Cummin, A.S. D'Amato, Ann Forrestal and W. Donald Nyland as Executors of the Estate of Frank V. Forrestal, Deceased, Robert Gutheil, Jon Hettinger, David Kelly, Walter Kocher, Augustine Marusi, Ruth Marusi, Allan Miller, Bernard Nemtzow, Herman Peed, Edward I. Piernick, Joseph Saggese, Eugene Sullivan and Gloria Sullivan, Plaintiffs, v. SPOOR BEHRINS CAMPBELL & YOUNG, INC.; First Interstate Bank, Ltd.; First Interstate Investment Services, Inc.; Kenneth R. Behrins, T. Richard Spoor; Robert L. Campbell and Michael D. Young, Defendants.

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

As Amended August 30, 1993.


Attorney(s) appearing for the Case

Bressler, Amery & Ross, New York City, for plaintiffs (Bernard Bressler, David J. Olesker, Daniel Baldwin, and Noel C. Crowley, of counsel).

Sullivan & Cromwell, New York City, for defendants (Philip L. Graham, Jr., John B. Reid-Dodick, and Lisa J. Laplace, of counsel).


OPINION AND ORDER

WILLIAM C. CONNER, District Judge:

Plaintiffs Borden, Inc., et al. bring this action against Spoor Behrins Campbell & Young, Inc. ("SBCY"), each of SBCY's principals (T. Richard Spoor, Kenneth R. Behrins, Robert L. Campbell, and Michael D. Young), First Interstate Investment Services, Inc. ("FIIS"), and First Interstate Bank, Ltd. ("FIB") for violations of section 10(b) of the Securities...

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