because arguably they were under adequate notice that the "investments" with Lazar were a lark of his own and were not acts which had been authorized by Blair and/or Fahnstock. Liability against the New York Stock Exchange was in my view most tenuous and a directed verdict would probably have to be granted in favor of the New York Stock Exchange. With all of these variables it was agreed by all of the lawyers that the case would be settled on the aforementioned formula. It was agreed that the issue as to what amounts each respective defendant would contribute to the lump sum settlement would be left to the defendants to work out among themselves, as long as plaintiffs were guaranteed specific amounts on each claim.
I required all of the parties to consult with their clients and to exchange specific letters of agreement of settlement noting the specific amounts which had been agreed upon. For the nine civil actions which plaintiffs' counsel had, on November 12th he filed the following letter:
"November 12, 1973
Robert L. Pratter, Esquire
1600 Land Title Building
Philadelphia, Pennsylvania 19110
John P. O'Dea, Esquire
1300 Two Girard Plaza
Philadelphia, Pennsylvania 19102
Re: Glick et al vs. Blair et al
Pursuant to the disposition of the above cases arrived at during settlement conferences in the chambers of the Honorable A. Leon Higginbotham, wherein the sum of $19,998.00 was agreed upon to be divided amongst the following Plaintiffs, Glick, Cramer, Brown, Rooklin, Singer, Rachlin, Kaplan, Levin and Schreibman, according to the net amounts claimed by each above Plaintiff, and the sum of $3,426.00 to be paid to Plaintiff Joseph Dash, there appears below the amounts which should be paid to each individual Plaintiff. Please make all checks or drafts payable to the individual and the firm of Sidkoff, Pincus, Greenberg & Golden.
1. Charlotte Glick, #71-1887, $1,710.00.
2. Manual G. Cramer, #72-2132, $1,634.00.
3. Sidney H. Brown, #72-2130, $1,710.00.
4. Stanley Rooklin and Leah Rooklin, #72-2133, $2,337.00.
5. Morris Singer, #73-2, $1,900.00.
6. Herbert S. Rachlin, #72-2131, $5,089.00.
7. Morris and Albert Kaplan, #72-2134, $2,204.00.
8. Samuel Schreibman, #72-2404, $1,694.00.
9. Sylvia Levin, #72-645, $1,710.00.
Joseph Dash 3,426.00
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