PREMIER INDUSTRIES v. DELAWARE VALLEY FINANCIAL CORP.

Civ. A. No. 27983.

185 F.Supp. 694 (1960)

PREMIER INDUSTRIES, INC. v. DELAWARE VALLEY FINANCIAL CORPORATION and J. Myron Honigman and Elliott A. Meyer and Robert B. Miller and Stanton R. Miller.

United States District Court E. D. Pennsylvania.

August 1, 1960.


Attorney(s) appearing for the Case

Louis J. Goffman, Franklin Poul, Wolf, Block, Schorr & Solis-Cohen, Philadelphia, Pa., for plaintiff.

Aaron M. Fine, Dilworth, Paxson, Kalish, Kohn & Dilks, Philadelphia, Pa., for defendants, Delaware Valley Financial Corp., J. Myron Honigman and Elliott A. Meyer.

Charles H. Greenberg, Robinson, Greenberg & Lipman, Philadelphia, Pa., for defendants, Robert B. Miller and Stanton R. Miller.


CLARY, District Judge.

The present action appears to be grounded upon three distinct and independent statutory sections—two sections of the Securities Act of 1933 (i. e., §§ 77l(2) and 77q of Title 15 U.S.C.A.), and one section of the Securities Exchange Act of 1934, (i. e., § 78j of Title 15 U.S. C.A.).

The plaintiff, Premier Industries, Inc., seeks to rescind an allegedly fraudulent sale of all of the outstanding stock of National...

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