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MINN. ODD FELLOWS HOME FOUND. v. ENGLER & BUDD CO.

Civ. No. 4-85-898.

630 F.Supp. 797 (1986)

MINNESOTA ODD FELLOWS HOME FOUNDATION, a Minnesota non-profit corporation, Plaintiff, v. ENGLER & BUDD COMPANY, a Minnesota corporation, and Duane F. Anderson, Defendants.

United States District Court, D. Minnesota, Fourth Division.

March 3, 1986.

Attorney(s) appearing for the Case

Maher J. Weinstein, Moss & Barnett, P.A., Minneapolis, Minn., and Thomas M. Neuville, Grundhoefer & Neuville, North-field, Minn., for plaintiff.

J. Patrick McDavitt, Briggs & Morgan, Minneapolis, Minn., for defendants.

MEMORANDUM OPINION AND ORDER

DIANA E. MURPHY, District Judge.

Plaintiff, Minnesota Odd Fellows Home Foundation, a charitable organization, brought this action against Engler & Budd Co., a broker-dealer, and its employee Duane Anderson, a stockbroker. Plaintiff's amended complaint alleges violations of sections 10(b) and 20 of the Securities Exchange Act of 1934 (the 1934 Act), 15 U.S.C. §§ 78j(b), 78t, fraud, breach of fiduciary duty, negligent...

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