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ROSENBAUM v. KLEIN

Civ. A. No. 81-4844.

547 F.Supp. 586 (1982)

George ROSENBAUM, Renee Shenkin, and Carol Wheeler, on behalf of themselves and all others similarly situated and, derivatively, on behalf of Commonwealth Realty Trust, Plaintiffs, v. Julius KLEIN, I. H. Krekstein, Shepard Broad, Edward B. Stokes, Bart J. Axelrod, Michael H. Krekstein, Krekstein, Shapiro, Bressler & Wolfson, Defendants, and Commonwealth Realty Trust, Nominal Defendant.

United States District Court, E. D. Pennsylvania.

September 13, 1982.

Attorney(s) appearing for the Case

Steven M. Kramer, Michael R. Needle, Philadelphia, Pa., for plaintiffs.

H. Robert Fiebach, David M. Doret, Marvin Katz, Alan C. Kessler & Catherine Votaw, Philadelphia, Pa., for defendants.

OPINION

LOUIS H. POLLAK, District Judge.

This is an action by former and present shareholders of Commonwealth Realty Trust ("CRT") against a group of former and present trustees and officers of CRT. Plaintiffs seek compensatory and punitive damages, costs, and attorneys' fees. The complaint contains both direct and derivative claims which allege violations of the federal securities laws; the complaint also contains...

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