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BIGGANS v. BACHE HALSEY STUART SHIELDS

No. 80-1281.

638 F.2d 605 (1980)

Robert P. BIGGANS, Appellant, v. BACHE HALSEY STUART SHIELDS, INC., f/t/a Bache Halsey Stuart, Inc.

United States Court of Appeals, Third Circuit.

Decided December 31, 1980.

Rehearing Denied January 22, 1981.

Attorney(s) appearing for the Case

Paul Breen, Philadelphia, Pa., for appellant.

Abraham C. Reich and Charles M. Solomon, Philadelphia, Pa., for appellee; Fox, Rothschild, O'Brien & Frankel, Philadelphia, Pa., of counsel.

Before GIBBONS, WEIS and SLOVITER, Circuit Judges.

Submitted under Third Circuit Rule 12(6) September 18, 1980.

Rehearing In Banc Rehearing Denied January 22, 1981.

OPINION OF THE COURT

SLOVITER, Circuit Judge.

The issue on appeal is whether a suit claiming damages from a brokerage house for "churning", or excessive trading of a customer's account, in violation of the federal securities laws is governed by the statute of limitations applicable to actions brought under the Pennsylvania Securities...

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