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LANE v. DEAN WITTER REYNOLDS, INC.

No. CIV-80-654-D.

505 F.Supp. 610 (1980)

Daniel M. LANE and Carolyn S. Lane, Plaintiffs, v. DEAN WITTER REYNOLDS, INC., Defendant and Third-Party Plaintiff, v. Don Edward FOWLER, Third-Party Defendant.

United States District Court, W. D. Oklahoma.

October 14, 1980.

Attorney(s) appearing for the Case

Ray G. Moss and Bruce R. Rooker, Oklahoma City, Okl., for plaintiffs.

Philip L. Savage, Kenneth N. McKinney and Ronald L. Walker, Oklahoma City, Okl., for defendant and third-party plaintiff Dean Witter Reynolds, Inc.

Roy J. Davis and Sally E. Scott, Oklahoma City, Okl., for third-party defendant Don Edward Fowler.

ORDER

DAUGHERTY, Chief Judge.

Plaintiffs bring this action to recover actual damages for Defendant's alleged common law breach of fiduciary duty and violation of the provisions of § 10(b) of the Securities Exchange Act of 1934 (Act), 15 U.S.C. § 78j(b), and Rule 10b-5 of the Securities and Exchange Commission, 17 C.F.R. § 240, 10(b)(5). Plaintiffs are also seeking punitive damages from Defendant, alleging the Defendant's acts were willful...

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