United States Second Circuit

In this case of first impression, district court correctly held that section 13(d) of the Securities and Exchange Act does not provide a damages remedy to issuers; circumstantial evidence was properly considered in determining whether a group existed under section 13(d), and rulings striking plaintiff-s jury demand and dismissing remaining claims for injunctive and declaratory relief were affirmed.

Appellate Information

• Argued 03/04/2002
• Decided 04/11/2002
• Published 04/15/2002

Judges

• CALABRESI, Circuit Judge., Before CALABRESI and CABRANES, Circuit Judges, and PRESKA, District Judge.

Court

• United States Second Circuit

Counsel

• For Appellant:
  
• Thomas J. McCormack;  (Robert A. Schwinger, Beth D. Diamond, Gregory J. Kerr, Thomas Freedman, on the brief), Chadbourne & Parke, L.L.P., New York, NY;  (Vivian Shevitz, South Salem, N.Y., on the brief), for Plaintiff-Appellant.


• For Appellees:
  
• Robert J. Giuffra, Jr.;  (David M.J. Rein, on the brief), Sullivan & Cromwell, New York, NY, for Defendants-Appellees Interstate Properties and Steven Roth., Philip H. Schaeffer;  (Karen M. Asner, K. Allison White, on the brief), White & Case, L.L.P., New York, NY, for Defendants-Appellees Gotham Partners, L.P.;  Gotham Partners III, L.P.;   and Gotham Holdings II, L.L.C., Joseph C. Owens, Lewis, D'Amato, Brisbois & Bisgaard, L.L.P., Los Angeles, CA, for Defendant-Appellee, Private Management Group, Inc., Douglas H. Flaum;  (Albert Shemmy Mishaan, on the brief), Fried, Frank, Harris, Shriver & Jacobson, New York, NY, for Defendants Appellees Hallwood Investors, L.P.;   Liberty Realty Partners, L.P.;   and EFO/Liberty, Inc.