CITY NAT. BANK v. AMERICAN COM. FINANCIAL CORP.

No. C-C-82-482-P.

608 F.Supp. 941 (1985)

CITY NATIONAL BANK, et al., Plaintiffs, v. AMERICAN COMMONWEALTH FINANCIAL CORPORATION, et al., Defendants.

United States District Court, W.D. North Carolina, Charlotte Division.

April 11, 1985.


Attorney(s) appearing for the Case

Thomas A. Lockhart, Bruce Simpson, Cansler & Lockhart, P.A., Charlotte, N.C., for plaintiffs.

G.R. Poehner, William F. LePage, Moore & Peterson, Dallas, Tex., Jimmy H. Barnhill, Womble, Carlyle, Sandridge & Rice, Winston-Salem, N.C., for defendants.


ORDER

ROBERT D. POTTER, Chief Judge.

On March 4, 1985 the jury rendered its verdict in this litigation finding the Defendants liable under the federal securities law and state common law. In arriving at this general verdict, the jury affirmatively found that the Defendants purchased the "Post Trust" stock with the intent to deceive, manipulate, or defraud the Plaintiffs thus violating Rule 10b-13 and that although there existed a fiduciary relationship between...

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