PRIMAVERA FAMILIENSTIFUNG v. ASKIN

Nos. 95 Civ. 8905(RWS), 96 Civ. 2978(RWS), 96 Civ. 7874(RWS), 97 Civ. 1856(RWS), 97 Civ. 4335(RWS), 98 Civ. 6178, 98 Civ. 7494(RWS).

130 F.Supp.2d 450 (2001)

PRIMAVERA FAMILIENSTIFUNG, Plaintiffs, v. David J. ASKIN, et al., Defendants. ABF Capital Management, et al., Plaintiffs, v. Askin Capital Management, L.P., et al., Defendants. Granite Partners, L.P., et al., Plaintiffs, v. Donaldson, Lufkin & Jenrette Securities Corporation, et al., Defendants. Montpellier Resources Limited, et al., Plaintiffs, v. Askin Capital Management, L.P., et al., Defendants. Richard Johnston, as Trustee for The Demeter Trust, et al., Plaintiffs, v. Askin Capital Management, L.P., et al., Defendants. Bambou Inc., et al., Plaintiffs, v. David J. Askin, et al., Defendants. AIG Managed Market Neutral Fund, et al., Plaintiffs, v. Askin Capital Management, L.P., et al., Defendants.

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

As Amended March 1, 2001.


Attorney(s) appearing for the Case

Swidler Berlin Shereff Friedman, New York, NY, By: David S. Hoffner, for Askin Capital Management, L.P. and David J. Askin, of counsel.

Friedman Kaplan & Seiler, New York, NY, By: Eric Seiler, Robert J. Lack, Katherine L. Pringle, Lee D. Sossen, Berlack, Israels & Liberman, New York, NY, By: Steven E. Greenbaum, Scott M. Berman, Anne M. Cunningham, Melissa A. Sarubbi, for Granite Partners, of counsel.

Bragar Wexler Eagle & Morgenstern, New York, NY, By: Peter D. Morgenstern, Paul D. Wexler, Lawrence P. Eagel, Lisa K. Eastwood, for Montpellier Resources Limited, of counsel.

Morgan, Lewis & Bockius, New York, NY, By: Catherine A. Ludden, for Donaldson, Lufkin & Jenrette Securities Corp., of counsel.

Cleary, Gottlieb, Steen & Hamilton, New York, NY, By: Thomas J. Moloney, Mitchell A. Lowenthal, Carmine D. Boccuzzi, Allyson W. Haynes, Kesari Ruza, for Kidder, Peabody & Co., Incorporated, of counsel.

Brown & Wood, New York, NY, By: A. Robert Pietrzak, Andrew W. Stern, Madeleine J. Dowling, Jonathan J. Brennan, Kimberly A. Johns, for Merrill Lynch, Pierce, Fenner & Smith Inc., of counsel.

Gold Bennett Cera & Sidener, San Francisco, CA, By: Solomon B. Cera, Bernstein Litowitz Berger & Grossmann, New York, NY, By: Jeffrey A. Klafter, for Primavera Familienstiftung, Bambou, Inc., Loukoum Inc., Samta Investment Inc., and Hubert Looser, of counsel.


OPINION

SWEET, District Judge.

The defendants in seven related securities fraud actions have moved for summary judgment as to various claims. The plaintiffs have opposed these motions, and certain plaintiffs have made cross-motions for summary judgment.

Specifically, Kidder, Peabody & Co. ("Kidder") and Donaldson, Lufkin & Jenrette Securities Corp. ("DLJ"), the broker defendants (collectively...

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