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SHARP v. COOPERS & LYBRAND

Civ. A. No. 75-1313.

491 F.Supp. 55 (1980)

Stanley L. SHARP v. COOPERS & LYBRAND

United States District Court, E. D. Pennsylvania.

June 11, 1980.

Attorney(s) appearing for the Case

Theodore R. Mann, Philadelphia, Pa., for plaintiff.

Matthew J. Broderick, Philadelphia, Pa., for defendant.

OPINION

JOSEPH S. LORD, III, Chief Judge.

In this section 10(b) securities fraud class action suit, juries have found the defendant accounting firm liable for material misrepresentations and omissions in an opinion letter used as a selling device for oil well investments,1 and have assessed the worth of the oil wells at the time of purchase in 1971.2 Three post trial matters must be resolved in order...

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