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ARONSON v. TPO INC.

No. 71 Civ. 4292.

410 F.Supp. 1375 (1976)

Bernard ARONSON et al., Plaintiffs, v. TPO INCORPORATED and Arthur Paturick, Defendants.

United States District Court, S. D. New York.

April 1, 1976.

Attorney(s) appearing for the Case

Schwartz, Halperin & Schreiber, P. C., New York City, for plaintiffs; Dale A. Schreiber, New York City, of counsel.

Reavis & McGrath, New York City, for defendants; James Nespole, Dennis C. Cronin, New York City, of counsel.

OPINION

BONSAL, District Judge.

Plaintiffs instituted this action for damages and rescission arising out of defendants' alleged violations of sections 5, 12 and 17 of the Securities Act of 1933 (15 U.S.C. §§ 77e, l & q) (the "1933 Act"), sections 10(b) and 15(c) of the Securities Exchange Act of 1934 (15 U.S.C. §§ 78j(b), o) (the "1934 Act"), Rules 10b-5 and 15cl-2 promulgated thereunder by the Securities and Exchange...

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