Cohen v. Lupo

WOLLMAN, Circuit Judge.

Irving Cohen appeals the district court’s dismissal of Cohen’s malicious prosecution complaint on the basis of res judicata. We reverse.

I

Eight clients of the law firm Lupo & Stemmler (collectively, Lupo & Stemmler) unsuccessfully sued Cohen and more than thirty other defendants on unmeritorious allegations of securities fraud in Bastien v. R. Rowland & Co., 631 F.Supp. 1554 (E.D.Mo.1986) (Bastien I), aff'd, 815 F.2d 713 (8th Cir.1987), cert. denied, 484 U.S. 854, 108 S.Ct. 160, 98 L.Ed.2d 115 (1987). Lupo & Stemmler’s complaint against Cohen arose out of tax shelter…