Investment Research Associates - Page 149




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         journals, general ledgers, or trial balances for Holding Co. for              
         the years 1980, 1981, 1982, 1985 (partial), 1986, 1987, 1988, and             
         1989.  Respondent sought the records because the Five made                    
         payments to Holding Co. during those years.                                   
              When the trustees of Kanter's family trusts, Baskes and                  
         Weisgal, were asked to produce documents, they, likewise, failed              
         to do so on the ground that they did not have the requested                   
         information in their possession.                                              
              Gallenberger took the position that a request for documents              
         in the possession of Principal Services was a request for the                 
         documents of Principal Services, and not the records maintained               
         by Principal Services for Kanter or Kanter-related entities.  She             
         claimed that Principal Services had a policy of refusing to turn              
         documents over to anyone other than the owner.                                
                                       OPINION                                         
              By this point, the complexity of these cases is apparent.                
         That complexity is reflected in the sheer magnitude of the record             
         and is exacerbated by the contentiousness of the parties.  The                
         trial in these consolidated cases lasted almost 5 weeks, and                  
         produced a transcript of 5,411 pages.  The parties' combined                  
         briefs contain 4,668 pages and address over 40 issues.  We have               
         plodded through thousands of exhibits containing hundreds of                  
         thousands of pages.  Not surprisingly, our task of finding the                
         facts has been laborious and frequently frustrating.                          






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