Arnold v. Bache & Co., Inc.

MEMORANDUM

NEALON, District Judge.

Now before the Court is defendant Bache & Co., Inc.’s 1 (hereafter Bache) motion for judgment on the pleadings, or, in the alternative, for summary judgment in the above matter pursuant to Rules 12(c) and 56 of the Federal Rules of Civil Procedure. The named plaintiffs have brought this action on behalf of themselves and all others similarly situated who were customers of J. Samuel Sicherman and Co. (hereafter Sicherman), to recover damages allegedly sustained by them as the result of a fraudulent scheme involving Sicherman’s dealings in the commodities…