MOERMAN v. ZIPCO, INC.

No. 63-Civ.-922.

302 F.Supp. 439 (1969)

Samuel H. MOERMAN, Plaintiff, v. ZIPCO, INC., Arthur M. Lewis, Trustee in Bankruptcy, Samuel Nasser, Joseph C. Snyder, Joseph Nasser, Donald S. Brodeur, Morris J. Bibi and Isidore Dayan, Defendants.

United States District Court E. D. New York.

July 31, 1969.


Attorney(s) appearing for the Case

Battle, Fowler, Stokes & Kheel, New York City, for plaintiff; by Raymond F. Gregory, New York City, of counsel.

Handelsman, Arutt & Knox, New York City, for defendants Samuel Nasser, Joseph C. Snyder, and Joseph Nasser; by Maxwell Handelsman, Joseph J. Einhorn, New York City, of counsel.

Ferris, Adams & Creidy, New York City, for defendants Morris J. Bibi and Isidore Dayan; by Albert Adams, New York City, of counsel.


JUDD, District Judge.

OPINION, FINDINGS OF FACT AND CONCLUSIONS OF LAW

This action, tried without a jury, is a claim by a shareholder for alleged violations of the federal securities laws and the Connecticut Blue Sky Law. Findings of fact and conclusions of law are made herein pursuant to F.R.Civ.P. Rule 52(a).

The defendants Sam Nasser, Joseph Nasser, Joseph Snyder, Morris Bibi, and Isidore Dayan were directors of Zipco, Inc. from its inception...

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