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ROSE v. FOOD FAIR STORES, INC.

437 Pa. 117 (1970)

Rose, Appellant, v. Food Fair Stores, Inc.

Supreme Court of Pennsylvania.

January 30, 1970.

Attorney(s) appearing for the Case

Lester H. Novack, for appellant.

David N. Bressler, with him David V. Shapiro, for appellee.

Before JONES, COHEN, EAGEN, O'BRIEN, ROBERTS and POMEROY, JJ.

OPINION BY MR. JUSTICE ROBERTS, January 30, 1970:

In 1958 Food Fair Stores purchased all of Bernard Rose's interest in Best Markets,1 a twenty-two store retail grocery concern, for some 23,500 shares of Food Fair common stock. These shares were not registered under the Securities Act of 19332 and their transfer to Rose was legal only if it did not constitute a "public...

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