imposition of sanctions against Oppenheimer and Oppenheimer's counsel, pursuant to Rule 37 of the Federal Rules of Civil Procedure, (4) Oppenheimer's request to move for sanctions against Kempner and Kempner's counsel, (5) Kempner's motion for an award of attorney's fees, pursuant to Rule 37, in connection with the deposition of Robert Lovasz, and in connection with its motion to disqualify, (6) Oppenheimer's request for attorney's fees in connection with Kempner's motion to disqualify, and (7) Lovasz's former counsel's motion for an award of attorney's fees to be assessed against Oppenheimer. After discussion of the history of this action, the Court addresses these motions seriatim.

FACTS
This action has a long and tortured history. Moreover, most of the relevant facts are disputed by the parties. In January 1984, Kempner, then aged72, opened securities accounts with Oppenheimer. Kempner had previously maintained cash and margin accounts at several other brokerage houses. At Oppenheimer, Kempner's alleged investment objective was to receive regular income and to maintain the safety of his principal, as Kempner was contemplating retirement. Lovasz and Feinberg acted as co-brokers for these accounts.
Kempner allegedly was in daily contact with Lovasz and Feinberg and actively traded on his account until June 1984. In May 1984, Stephen Kennard, Oppenheimer's managing director, allegedly became concerned that Kempner's aggressive speculation in index options was inconsistent with Oppenheimer's policy of investment and told Feinberg to limit trading in Kempner's account, because such trading frequently resulted in significant losses.
In June 1984, after experiencing losses from his options trading, Kempner allegedly complained to Harvey Wayne ("Wayne"),