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BUTCHER, et al. v. U.S. INVEST. CORP.

236 Pa.Super. 8 (1975)

Butcher, et al. v. United States Investment Corp., Appellant.

Superior Court of Pennsylvania.

September 22, 1975.

Attorney(s) appearing for the Case

Thomas M. Garrity, with him Michael J. Clement, and Wisler, Pearlstine, Talone, Craig & Garrity, for appellant.

Bernard Chanin, with him Leonard J. Bucki, Seymour Kurland, and Wolf, Block, Schorr and Solis-Cohen, for appellees.

Before WATKINS, P.J., JACOBS, HOFFMAN, CERCONE, PRICE, VAN DER VOORT, and SPAETH, JJ.

OPINION BY HOFFMAN, J., September 22, 1975:

This appeal is taken from an order dismissing appellant's counterclaim on the grounds that it was barred by the Statute of Frauds contained in Article 8 of the Uniform Commercial Code, dealing with investment securities.1

The plaintiffs-appellees are two firms engaged, inter alia, in the business of underwriting the sale of securities;

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