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MAINE v. LEONARD

Civ. A. No. 72-C-26-C.

353 F.Supp. 968 (1973)

Reuben E. MAINE, Plaintiff, v. George S. LEONARD et al., Defendants.

United States District Court, W. D. Virginia, Charlottesville Division.

January 4, 1973.

Attorney(s) appearing for the Case

John C. Lowe and Stuart F. Carwile, Charlottesville, Va., for plaintiff.

Forbes R. Reback, Richmond & Fishburne, T. Munford Boyd, D. B. Marshall, Paxson, Marshall & Smith, and Stephen H. Helvin, Haugh & Helvin, Charlottesville, Va., for defendants.

Ruling On Statute Of Limitations

DALTON, Chief Judge.

This complaint was filed on May 31, 1972 seeking damages for violations of the securities laws, essentially 15 U.S.C. § 78j, which is § 10 of the Securities and Exchange Act of 1934, and Rule 10b-5 thereunder (17 C.F.R. § 240-10b-5). Essentially, plaintiff alleges that when he sold 8,900 shares of Electronics Concepts Incorporated (ECI...

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