LIPPE v. BAIRNCO CORP.

No. 96 Civ. 7600(DC).

230 B.R. 906 (1999)

Richard A. LIPPE, Archie R. Dykes and John J. Robbins, as Trustees for Keene Creditors Trust, Plaintiffs, v. BAIRNCO CORPORATION; The Genlyte Group, Inc., Kaydon Corporation, Kasco Corporation; Shielding Systems Corporation; Arlon, Inc.; Glenn W. Bailey; Luke E. Fichthorn, III; Richard A. Shantz; Eugene Cafiero; Gerald Mahoney; Howard Mileaf; Fred Heller; Frank Metzger; Eugene R. Anderson; Frederick Harvey; Edward Utz; Kidder, Peabody & Co.; Anderson Kill Olick & Oshinsky, P.C.; Debevoise & Plimpton; and Arthur Andersen & Co., Defendants.

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

January 6, 1999.


Attorney(s) appearing for the Case

Levy Phillips & Konigsberg, LLP, by Stanley J. Levy, New York City and Budd Larner Gross Rosenbaum Greenberg & Sade, P.C., by David R. Gross, Short Hills, New Jersey, for plaintiffs.

Friedman Kaplan & Seiler LLP, by Edward Friedman, Andrew W. Goldwater, New York City, for Eugene Cafiero, Estate of Frederick Harvey, Gerald Mahoney, Howard Mileaf, and Frank Metzger.

Debevoise & Plimpton, by John H. Hall, Townsend Davis, Jr., Jeremy Feigelson, Andrew K. Glenn, New York City, for Luke E. Fichthorn, III.

Schulte Roth & Zabel, LLP, by Irwin J. Sugarman, Brooks R. Burdette, Thomas R. Fallati, New York City, for Richard Shantz.

Morvillo, Abramowitz, Grand, Iason & Silberberg PC, by Michael W. Mitchell, New York City, for Eugene R. Anderson.

McCarter & English, by Andrew T. Berry, Charles F. Rysavy, New York City, for Fred Heller.

Abowitz, Rhodes & Dahnke, P.C., by Murray E. Abowitz, Janice M. Dansby, Oklahoma City, Oklahoma, for Glenn W. Bailey.


OPINION

CHIN, District Judge.

Before the Court are the motions of the remaining nine individual defendants, Eugene R. Anderson, Glenn W. Bailey, Eugene Cafiero, Luke E. Fichthorn, III, Fred Heller, Gerald Mahoney, Frank Metzger, Howard Mileaf, and Richard Shantz,1 to dismiss the amended complaint pursuant to Fed.R.Civ.P. 9(b) and 12(b)(6).

For the reasons that follow, the motions are granted in part and denied...

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