ICD Holdings S.A. v. Frankel

MEMORANDUM OPINION

KAPLAN, District Judge.

The plaintiff in this case was the purchasing vehicle in a 1994 management buyout of ICD, Inc. (“ICD”), a large international dealer in petrochemical based commodities. It brings this action against Alfred M. Frankel and Jacques Leviant, who sold the ICD shares to plaintiff, and Richard A. Eisner & Co. (“Eisner”), certified public accountants who prepared certain materials contemplated by the purchase agreement for use in determining the price. Ml defendants move to dismiss the complaint.

Facts

This is the second action concerning this transaction, the…