REYNOLDS SECURITIES, INC. v. MACQUOWN

Civ. A. No. 76-1159.

459 F.Supp. 943 (1978)

REYNOLDS SECURITIES, INC., a corporation, Plaintiff, v. Richard S. MACQUOWN, an Individual and Richard S. Macquown, Robert D. Lake and John P. Gombert, Jr., Trustees under Tomsett Associates Profit Sharing Plan, Defendants, and Richard S. Macquown, an Individual and Richard S. Macquown, Robert D. Lake, and John P. Gombert, Jr., Trustees under Tomsett Associates Profit Sharing Plan, and Tomsett Associates, Inc., Tomsett Associates, Inc. of Pittsburgh, Tomsett Associates, Inc. of Philadelphia, Mellon Bank, N. A., and Shearson Hayden Stone, Inc., Garnishees.

United States District Court, W. D. Pennsylvania.

November 6, 1978.


Attorney(s) appearing for the Case

Paul Kachulis, Pittsburgh, Pa., for plaintiff.

Edmund S. Ruffin, Thorp, Reed & Armstrong, Pittsburgh, Pa., for defendants.


MEMORANDUM OPINION AND ORDER

TEITELBAUM, District Judge.

On June 14, 1977 a panel of arbitrators rendered an award in favor of plaintiff against the individual defendant in the amount of $200,044 with interest at 6% from September 8, 1976. In addition, it rendered its award in favor of plaintiff and against defendant trustees of the profit sharing plan in the amount of $66,000 with interest at 6% from September 8, 1976. The administrative fees of the American...

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