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  5. 921 F.Supp. 1174 (1996)
 

L.L. CAPITAL PARTNERS v. ROCKEFELLER CENTER PROPS.

No. 95 Civ. 5671 (LAK).

921 F.Supp. 1174 (1996)

L.L. CAPITAL PARTNERS, L.P., Plaintiff, v. ROCKEFELLER CENTER PROPERTIES, INC., Defendant.

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

April 16, 1996.

Attorney(s) appearing for the Case

Andrew J. Levander, Michael A. Pearce, Shereff, Friedman, Hoffman & Goodman, L.L.P., New York City, for Plaintiff.

Joseph T. McLaughlin, Thomas M. Mueller, Shearman & Sterling, New York City, for Defendant.

MEMORANDUM OPINION

KAPLAN, District Judge.

This case presents the question whether an issuer engaged in a public offering of securities has an obligation to disclose what fairly might be termed a straw in the wind bearing on the possible future action of a third party which, should that action occur, would have a material impact on the issuer.

In 1993, plaintiff purchased common stock of defendant Rockefeller Center Properties, Inc. ("RCP"), the...

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