Department of Economic Development v. Arthur Andersen & Co.
District Court, S.D. New York
1Opinion of the Court
MUKASEY, District Judge.
The Department of Economic Development (“DED”), an agency of the British government operating principally in Northern Ireland, brings this securities fraud action against the accounting firm Arthur Andersen & Co. (“AA”) and three of its partners, Richard L. Measelle, Edward A Massura, and Richard E. Beckman. Defendants have moved for summary judgment on all claims on various grounds. For the reasons that follow, the motion is granted in part and denied in part as explained below.
I
A. A Brief Summary of the DeLorean Motor Co. Debacle 1 (1978-1983)
DED’s predecessors, the…
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