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IN RE PENN CENTRAL SECURITIES LITIGATION

M.D.L. No. 56; Civ. A. No. 71-853.

395 F.Supp. 192 (1975)

In re PENN CENTRAL SECURITIES LITIGATION. George P. BAKER et al. v. David C. BEVAN et al.

United States District Court, E. D. Pennsylvania.

May 30, 1975.

Attorney(s) appearing for the Case

Edwin P. Rome, Norman L. Holmes, Philip C. Patterson, Blank, Rome, Klaus & Comisky, Philadelphia, Pa., for plaintiffs.

Fred C. Aldridge, Jr., Janet L. Duffy, Stradley, Ronon, Stevens & Young, Philadelphia, Pa., for defendant Penphil Co.

MEMORANDUM

JOSEPH S. LORD, III, Chief Judge.

Plaintiffs, trustees of the bankrupt Penn Central Transportation Company ("PCTC"), allege that defendants conspired and acted in violation of the Securities Act of 1933 ('33 Act), 15 U.S.C. § 77a et seq., the Securities Exchange Act of 1934 ('34 Act), 15 U.S.C. § 78a et seq., and the Investment Advisors Act of 1940, 15 U.S.C. § 80b-1 et seq. Defendant Penphil has moved, pursuant to F. R.Civ.P. 12...

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