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MILLER v. BARGAIN CITY, U.S.A., INC.

Civ. A. No. 33404.

229 F.Supp. 33 (1964)

Howard MILLER, Harry Kirschenbaum, Louis Kirschenbaum and Anne Hiller v. BARGAIN CITY, U.S.A., INC., a Pennsylvania corporation et al.

United States District Court E. D. Pennsylvania.

April 16, 1964.

Attorney(s) appearing for the Case

Arnold R. Ginsburg, Philadelphia, Pa., for plaintiffs.

William D. Valente, Mesirov, Gelman Jaffe & Levin, Philadelphia, Pa., for defendants Bargain City, U.S.A., Inc., William H. Sylk, Harry S. Sylk, Leon Blauner, Lawrence G. Horowitz, Michael Criss and Mary T. Kehan.

Louis E. Levinthal, Dilworth, Paxson, Kalish, Kohn & Dilks, Philadephia, Pa., for defendant I. Budd Rockower.

J. B. H. Carter, Pepper, Hamilton & Scheetz, Philadelphia, Pa., for defendants Harold C. Mayer, Jr., Sigmund Wahrsager and Bear, Sterns & Co.

Henry J. Morgan, Blank, Rudenko, Klaus & Rome, Philadelphia, Pa., and A. John May, Jr., Duane, Morris & Heckscher, Philadelphia, Pa., for defendant Laventhol, Krekstein & Co.

JOSEPH S. LORD, III, District Judge.

This case is now before the court on defendants' motions under Rule 12 to dismiss both counts of plaintiffs' complaint. Plaintiffs allege that defendants violated Section 10(b) of the Securities Exchange Act of 1934, as amended (15 U.S.C. § 78j) (The Act),1 and Rule 10b-52 [adopted by the Securities and Exchange Commission pursuant to authority granted by Congress in...

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