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CROWNAIR SYSTEMS, INC. v. WOLF

Civ. No. 82-2638 HL.

598 F.Supp. 1478 (1984)

CROWNAIR SYSTEMS, INC., Original Plaintiff, Dorado Wings, Inc., George R. McCanless, Walter P. Strycker, and Kenneth N. Pontikes, Rule 19 Plaintiffs, v. Henry WOLF and Pannell Kerr Forster, Defendants. Nicholas APOSTOL, Defendant, Counter-claimant and Third Party Plaintiff, v. George R. McCANLESS, Walter P. Strycker, and Kenneth N. Pontikes, Third Party Defendants.

United States District Court, D. Puerto Rico.

December 11, 1984.

Attorney(s) appearing for the Case

Salvador Antonetti, Fiddler, González & Rodriguez, San Juan, P.R., Norman L. Faber, Hall, Dickler, Lawler, Kent & Howley, New York City, for Crownair Systems, Inc.

Francisco Fernandez Carbia, Dubon, Dubon & Vazquez, San Juan, P.R., for Pannell Kerr Forster.

Victor M. Pons, Jr., Sweeting, Pons, Gonzalez & Cestero, Cancio, Nadal & Rivera, San Juan, P.R., for Henry Wolf.

Richard A. Lee, Arturo Diaz, San Juan, P.R., for Nicholas Apostol.

OPINION AND ORDER

LAFFITTE, District Judge.

Defendants Henry Wolf ("Wolf") and Nicholas Apostol ("Apostol") have moved to dismiss the complaint for lack of subject matter jurisdiction on the ground that, as a matter of law, the complaint fails to state a claim for relief under the Securities Act of 1933 ("the 1933 Act") and the Securities Exchange Act of 1934 ("the 1934 Act"). Defendant Pannel Kerr Forster ("PFK") has cross-moved to dismiss the complaint...

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