ANCHOR-DARLING INDUSTRIES, INC. v. SUOZZO

Civ. A. No. 79-4085.

510 F.Supp. 659 (1981)

ANCHOR-DARLING INDUSTRIES, INC. v. Leonard SUOZZO

United States District Court, E. D. Pennsylvania.

March 16, 1981.


Attorney(s) appearing for the Case

John J. Barrett, Jr., Scott D. Patterson, Saul, Ewing, Remick & Saul, Philadelphia, Pa., for plaintiff.

Donald L. Weinberg, Kohn, Savett, Marion & Graf, P. C., Philadelphia, Pa., for defendant.


MEMORANDUM OF DECISION

McGLYNN, District Judge.

Presently before the court is defendant's motion for partial summary judgment pursuant to Fed.R.Civ.P. 56. The motion raises an important issue of federal securities law on which there is a divergence of opinion: Does the sale of an incorporated business by means of a transfer of the stock of the corporation fall within the purview of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated...

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