On June 25, 2001, the Court entered a Judgment that for the reasons stated in the Court's Opinion and Order dated June 20, 2001, by Chief Judge Michael B. Mukasey, the defendants’ motion to dismiss the complaint is granted and the complaint is dismissed. The case is closed.

The original complaint alleges that Waterhouse violated the federal securities laws by falsely representing to investors that they had successfully canceled securities trades and then executing those transactions. In addition, the plaintiff alleges that Waterhouse unlawfully paid itself commissions in connection with those unauthorized trades and related transactions executed by Waterhouse to liquidate the unauthorized trades or to generate funds to pay for those transactions.