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AMERICAN GRAIN ASS'N v. CANFIELD, BURCH & MANCUSO

Civ. A. No. 790391.

530 F.Supp. 1339 (1982)

AMERICAN GRAIN ASSOCIATION v. CANFIELD, BURCH & MANCUSO; Frank D. Burch; William A. Mancuso; Richard W. Johnson; and James C. Williams.

United States District Court, W. D. Louisiana, Lake Charles Division.

February 1, 1982.

Attorney(s) appearing for the Case

Edwin G. Preis, Jr., Vance R. Andrus, Andrus & Preis, Lafayette, La., Phillip W. Preis, Preis, Crawford, Scheffy & Mauldin, Baton Rouge, La., for plaintiff.

Homer C. Singleton, Jr., Baggett, McCall, Singleton, Ranier & Ieyoub, Lake Charles, La., for James C. Williams.

W. Gregory Arnette, Jr., Arnette & Riley, Ltd., Jennings, La., for Richard W. Johnson.

James R. Nieset, Plauche, Smith, Hebert & Nieset, Lake Charles, La., for Canfield, Burch & Mancuso, Frank D. Burch and William A. Mancuso.

MEMORANDUM RULING

VERON, District Judge.

This action was brought by the plaintiff, American Grain Association (hereinafter AGA), pursuant to Section 10(b) of the Securities Exchange Act of 1934 (15 U.S.C.A. 78j(b)), Rule 10(6)-5 (17 C.F.R. 240.10(b)-5), the Commodities Exchange Act (7 C.F.R. § 6b), and the principles of Louisiana Law. In answering the suit, defendants asserted that this court lacked jurisdiction over the subject matter of plaintiff...

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