Fed. Sec. L. Rep. P 92,849 Ernest Klein v. Walston & Co., Inc.

Plaintiff’s complaint, filed in the District Court for the Eastern District of New York in 1969, sought damages in connection with securities transactions in 1959, with respect to which defendant had secured a judgment in the Supreme Court of New York for New York County in 1961. The complaint alleged claims based on contract and fraud, and also under the Securities Exchange Act of 1934. The common law claims had been alleged in an action brought by plaintiff in 1964 in the Supreme Court for Kings County, which was pending undetermined. On defendant’s motion Judge Bartels entered an order…