CROWELL v. MORGAN, STANLEY, DEAN WITTER SERVICES

No. 98-8803-CIV.

87 F.Supp.2d 1287 (2000)

Herbert CROWELL, on behalf of himself and all others similarly situated, Plaintiff, v. MORGAN STANLEY DEAN WITTER SERVICES, CO., INC., et al., Defendants.

United States District Court, S.D. Florida, Northern Division.

January 27, 2000.


Attorney(s) appearing for the Case

Kenneth Walter Lipman, Siegel Lipman Dunay & Shepard, Boca Raton, FL, Julian H. Kreeger, Milberg Weiss Bershad Hynes & Lerach, Boca Raton, FL, for Herbert Crowell, on behalf of himself and all other similarly situated, plaintiff.

Bradford David Kaufman, Joseph Clay Coates, III, Greenberg Traurig Hoffman Lipoff Rosen & Quentel, West Palm Beach, FL, Richard A. Rosen, Paul Weiss Rifkind Wharton & Garrison, New York City, Todd E Gordinier, Payne L Templeton, Orrick Herrington & Sutcliff, Los Angeles, CA, for Morgan Stanley Dean Witter Services Co., Inc., defendant.

Kenneth Walter Lipman, Siegel Lipman Dunay & Shepard, Boca Raton, FL, Brett J Williamson, Robert G Loewy, O'Melveny & Myers, Newport Beach, CA, for TCW Funds Management, Inc., TCW Management Co., Trust Co. of the West, TCW Asset Management, TCW Asset Management Co., defendants.

Kenneth Walter Lipman, Siegel Lipman Dunay & Shepard, Boca Raton, FL, for Robert Day, Thomas E. Larkin, Jr., Philip A. Barach, Jeffrey E. Gundlach, defendants.

Bradford David Kaufman, Joseph Clay Coates, III, Greenberg Traurig Hoffman Lipoff Rosen & Quentel, West Palm Beach, FL, Richard A. Rosen, Paul Weiss Rifkind Wharton & Garrison, New York City, for Morgan Stanley Dean Witter Advisors, Inc., Morgan Stanley Dean Witter Discover & Co., Morgan Stanley Dean Witter Distributors, Inc., Dean Witter Reynolds, Inc., Richard M. Demartini, Charles Fiumefreddo, defendants.


ORDER PARTIALLY GRANTING AND DENYING MOTION TO DISMISS

RYSKAMP, District Judge.

THIS CAUSE came before the Court on defendants' motion to dismiss. [DE 37] Plaintiff has responded and the defendants have replied. Oral argument was heard in open court on January 13, 2000. This motion is ripe for adjudication.

I. BACKGROUND

On October 12, 1998, plaintiff Herbert Crowell ("Crowell") filed a complaint in the Circuit Court...

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