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GIBSON v. CANNON

Civ. A. No. 70-2003.

325 F.Supp. 706 (1971)

Wilfred H. GIBSON and Alice E. Gibson v. Arthur R. CANNON et al.

United States District Court, E. D. Pennsylvania.

April 23, 1971.

Attorney(s) appearing for the Case

Lawrence A. Brown, McTighe, Koch, Brown & Weiss, Norristown, Pa., for plaintiffs.

Howard L. Shecter, John H. Lewis, Jr., Morgan, Lewis & Bockius, Philadelphia, Pa., for defendant Philadelphia Suburban Corp.

OPINION AND ORDER

EDWARD R. BECKER, District Judge.

This action is brought under section 10(b) of the Securities Exchange Act of 1934 and rule 10b-5 issued thereunder by the Securities Exchange Commission, and is now before us on defendant Philadelphia Suburban Corporation's ("Philadelphia Suburban") motion to dismiss and motion for summary judgment. For the reasons hereafter expressed, Philadelphia Suburban's motion for summary judgment will be granted...

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