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BEACH v. KDI CORPORATION

Nos. 72-1856, 72-1857.

490 F.2d 1312 (1974)

Frederick BEACH and Vincent Di Rubbio, Appellants in No. 72-1857. v. KDI CORPORATION, Appellant in No. 72-1856, et al., OPI Corp. and Edward J. Eggart, Intervenors. KDI Corporation and Ordnance Products, Inc., [OPI Corp.] Appellants in No. 72-1856.

United States Court of Appeals, Third Circuit.

Decided January 11, 1974.

Attorney(s) appearing for the Case

E. N. Carpenter, II, Richard J. Abrams, Richards, Layton & Finger, Wilmington, Del., for appellants in No. 72-1856 and appellees in No. 72-1857.

Peter J. Walsh, Converse Murdoch, Murdoch, Longobardi, Schwartz & Walsh, Wilmington, Del., for appellees in No. 72-1856 and appellants in No. 72-1857.

Before KALODNER, ALDISERT and ADAMS, Circuit Judges.

OPINION OF THE COURT

KALODNER, Circuit Judge.

Did the district court err in holding that it had "pendent jurisdiction" with respect to intervening defendants' counterclaim, presenting state claims, in the instant action of Frederick Beach and Vincent Di Rubbio against KDI Corporation for rescission of a "Reorganization Agreement," grounded on alleged violations of the federal laws pertaining to securities transactions?

That is the primary question...

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