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BAILEY v. PIPER, JAFFRAY & HOPWOOD, INC.

No. 4-74 Civ. 173.

414 F.Supp. 475 (1976)

Charles D. BAILEY and Dayton N. Barker, on Behalf of themselves and all others similarly situated, Plaintiffs, and Wesley C. Jensen et al., Plaintiff-Intervenors, v. PIPER, JAFFRAY & HOPWOOD, INC., Defendant.

United States District Court, D. Minnesota, Fourth Division.

June 3, 1976.

Attorney(s) appearing for the Case

Terence M. Fruth and Timothy M. Heaney, Fredrikson, Byron, Colborn, Bisbee, Hansen & Perlman, Minneapolis, Minn., for plaintiffs Bailey and Barker.

Gordon B. Conn, Jr., and Timothy D. Kelly, Faegre & Benson, Minneapolis, Minn., for defendant.

MEMORANDUM AND ORDER

ALSOP, District Judge.

This action for violation of the Securities Exchange Act of 1934 is now before the court upon motion of the defendant for summary judgment or partial summary judgment on the grounds that plaintiffs' claims are barred by the applicable statute of limitations.

Plaintiffs, who are all individuals, allege that the defendant Piper, Jaffray & Hopwood, Inc. (hereinafter PJH), while acting in its capacity as...

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