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McLEAN v. ALEXANDER

Nos. 78-2029, 78-2030.

599 F.2d 1190 (1979)

Malcolm P. McLEAN, Individually v. Jack ALEXANDER, Daniel D. Friel, Bernard Hessler, Jr., Trustee, Helen June Friel, Trustee, Frederic A. Lang, Robert R. Walsh, Frank B. Francis, Bernard Hessler, Jr., Martin A. Apostolico, Merle R. Aiken, Shelley P. Jones, Thomas F. Baker, Shields & Company, Incorporated, and Cashman & Schiavi, Malcolm P. McLean, Appellant in No. 78-2029, Cashman & Schiavi, Appellant in No. 78-2030.

United States Court of Appeals, Third Circuit.

Decided May 18, 1979.

Attorney(s) appearing for the Case

Edgar H. Brenner, Robert D. Rosenbaum, Washington, D. C. (argued), Hadrian R. Katz, Washington, D. C., for appellant-cross appellee Cashman & Schiavi; Milton V. Freeman, Arnold & Porter, Washington, D. C., Arthur G. Connolly, Jr., Connolly, Bove & Lodge, Wilmington, Del., of counsel.

William P. Verdon, Donald A. Kessler, Newark, N. J., (argued), Stanley Wang, Meyner & Landis, Newark, N. J., for appellant Malcolm P. McLean.

Shelley P. Jones, pro se.

Before GIBBONS and HUNTER, Circuit Judges and MEANOR, District Judge.

OPINION OF THE COURT

GIBBONS, Circuit Judge:

Cashman & Schiavi (C & S) a firm of certified public accountants, appeal from a final judgment awarding Malcolm P. McLean damages in his suit under Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) and Rule 10b-5, 17 C.F.R. § 240.-10b-5, and under the Delaware common law of fraud. McLean cross-appeals from the same judgment, contending that the court erred in calculating...

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