James R. ROBERTS, Appellant, on behalf of himself and all others similarly situated
v.
MAGNETIC METALS COMPANY; Magmetco, Inc.; D. C. Langworthy and Butcher & Singer, Inc.
United States Court of Appeals, Third Circuit.https://leagle.com/images/logo.png
Argued September 5, 1979.
Decided November 14, 1979.
Attorney(s) appearing for the Case
Philip Stephen Fuoco, Haddonfield, N. J., Richard D. Greenfield, Sterling H. Schoen, Jr. (argued), Robert P. Frutkin, Gilbert F. Ashley, Greenfield & Schoen, Bala Cynwyd, Pa., for appellant.
Arthur Makadon (argued), John B. Langel, Philadelphia, Pa., for appellees Magnetic Metals Company, Magmetco, Inc. and Mr. David C. Langworthy; Ballard, Spahr, Andrews & Ingersoll, Philadelphia, Pa., of counsel.
Patrick W. Kittredge, Roslyn G. Pollack (argued), Philadelphia, Pa., for appellee Butcher & Singer, Inc.; Cohen, Shapiro, Polisher, Shiekman & Cohen, Philadelphia, Pa., of counsel.
Before SEITZ, Chief Judge, and GIBBONS and SLOVITER, Circuit Judges.
United States Court of Appeals, Third Circuit.
OPINION OF THE COURT
GIBBONS, Circuit Judge:
On January 5, 1978, James R. Roberts filed a complaint, individually and as a class representative, charging Magnetic Metals Company (Magnetic), Magmetco, Inc. (Magmetco), David C. Langworthy, and Butcher & Singer, Inc. (Butcher) with violations of sections 10(b) and 14(a) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78j(b), 78n(a) (1976), Rules...
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