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SALTZMAN v. ZERN

Civ. A. No. 74-256.

407 F.Supp. 49 (1976)

James SALTZMAN et al., Plaintiffs, v. Barry K. ZERN et al., Defendants. PROVIDENT NATIONAL BANK, Garnishee, v. William Y. SALTZMAN and Terri Saltzman, Third-Party Defendants.

United States District Court, E. D. Pennsylvania.

January 20, 1976.

Attorney(s) appearing for the Case

Gary Leadbetter, David H. Pittinsky, Dilworth, Paxson, Kalish & Levy, Philadelphia, Pa., for plaintiff.

Michael Lehr, Tyson W. Coughlin, Ballard, Spahr, Andrews & Ingersoll, Philadelphia, Pa., for Provident.

Edward C. Mengel, Jr., White & Williams, Philadelphia, Pa., for defendants.

MEMORANDUM AND ORDER

BRODERICK, District Judge.

The plaintiffs in this case allege a cause of action against defendants based upon Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. The liability of defendant Provident National Bank ("Provident") is predicated upon its alleged complicity in the role of an aider and abettor. This matter comes before the Court on motion of defendant Provident for summary judgment pursuant to Rule 56 of the...

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