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THOMAS v. ROBLIN INDUSTRIES, INC.

No. 75-1008.

520 F.2d 1393 (1975)

Harry K. THOMAS, Successor Trustee in Bankruptcy of Erie Forge & Steel Corporation, Bankrupt, Appellant, v. ROBLIN INDUSTRIES, INC., a New York Corporation.

United States Court of Appeals, Third Circuit.

Decided July 31, 1975.

Attorney(s) appearing for the Case

Harry D. Martin, Elderkin, Martin, Kelly, Messina & Zamboldi, Robert N. Spaeder, March, Spaeder, Baur, Spaeder & Schaaf, Erie, Pa., for appellant; Louis Loss, Cambridge, Mass., of counsel.

John G. Gent, Donald C. Buseck, Erie, Pa., for appellee.

Before SEITZ, Chief Judge, and ALDISERT and GIBBONS, Circuit Judges.

OPINION OF THE COURT

SEITZ, Chief Judge.

Plaintiff is Trustee in Bankruptcy of Erie Forge & Steel Corporation ("Erie"), a Delaware corporation. He brought this action against its former majority stockholder, Roblin Industries ("Roblin"), a New York corporation. Plaintiff alleged violations of the federal securities law and breaches of Roblin's state law fiduciary duty to Erie. Judgment in the non-jury trial...

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