HEALEY v. CATALYST RECOVERY OF PENNSYLVANIA, INC.

No. 79-1370.

616 F.2d 641 (1980)

Michael J. HEALEY, Jr., Individually and for himself and derivatively on behalf of all shareholders of Catalyst Regeneration Services, Inc., for the benefit of Catalyst Regeneration Services, Inc. v. CATALYST RECOVERY OF PENNSYLVANIA, INC., Catalyst Recovery of Louisiana, Inc., Catalyst Recovery, Inc., and Dennis J. Shaughnessy and Lawrence P. Naylor, III and P. Kenrick Maher and Wilbert H. Sirota and Joann Benedict and Carmen L. Porter and V. L. Schultz and Robert Levi and Mercantile Safe Deposit & Trust Co., Catalyst Recovery of Pennsylvania, Inc., Catalyst Recovery of Louisiana, Inc., Catalyst Recovery, Inc., Dennis J. Shaughnessy, Lawrence P. Naylor, III, P. K. Maher, Wilbert H. Sirota, and Robert Levi, Appellants.

United States Court of Appeals, Third Circuit.

Decided January 29, 1980.


Attorney(s) appearing for the Case

Gilbert J. Helwig (argued), Joseph F. McDonough, Reed, Smith, Shaw & McClay, Pittsburgh, Pa., H. Vernon Eney (argued), Venable, Baetjer & Howard, Baltimore, Md., for appellants.

Albert G. Feczko (argued), Feczko & Seymour, Pittsburgh, Pa., Kenneth R. Long (argued), Pittsburgh, Pa., for appellee.

Before SEITZ, Chief Judge, ALDISERT, Circuit Judge, and HUYETT, District Judge.


OPINION OF THE COURT

SEITZ, Chief Judge.

Five individual and three corporate defendants appeal from a judgment entered against them on a jury verdict awarding the plaintiff damages for violation of § 10(b) of the Securities and Exchange Act of 1934, 15 U.S.C. § 78j(b), and rule 10b-5, 17 C.F.R. § 240.10b-5.

I. Factual Background

In the spring of 1972, the plaintiff became a 20% shareholder and president of Catalyst...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases