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AZURITE CORP. LTD. v. AMSTER & CO.

Nos. 263, 391, Dockets 94-7197, 94-7235.

52 F.3d 15 (1995)

AZURITE CORP. LTD., Plaintiff-Appellant-Cross-Appellee, v. AMSTER & CO., formerly known as Lafer, Amster & Company; Arnold Marvin Amster; and Joel Packer, Defendants-Appellees-Cross-Appellants, Barry Stuart Lafer, Defendant-Appellee.

United States Court of Appeals, Second Circuit.

Decided April 5, 1995.

Attorney(s) appearing for the Case

Peter A. Jaffe, New York City (Jaffe & Asher, Tomas Szoboszlai, of counsel), for plaintiff-appellant-cross-appellee.

Peter C. Neger, New York City (Richards & O'Neil, of counsel) for defendants-appellees-cross-appellants Amster & Co., Arnold Marvin Amster and defendant-appellee Barry Stuart Lafer.

Buchwald & Kaufman, New York City (Don D. Buchwald, of counsel), for defendant-appellee-cross-appellant Joel R. Packer.

Coleman & Rhine, New York City (Ira Daniel Tokayer, of counsel), for defendants-appellees-cross-appellants.

Proskauer Rose Goetz & Mendelsohn, New York City (Arnold S. Jacobs, of counsel), for defendants-appellees-cross-appellants.

Before: LUMBARD, FEINBERG, and MAHONEY, Circuit Judges.

LUMBARD, Circuit Judge:

On February 1, 1989, Azurite Corp. Ltd. brought an action in the Southern District under section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), to recover damages from the defendants, Amster & Co., then known as Lafer, Amster & Co. ("LACO"), and its partners Arnold Marvin Amster, Barry Stuart Lafer, and Joel Richard Packer. Azurite claimed that the defendants made false disclosures and omissions in their Schedule...

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