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WEFT, INC. v. G.C. INV. ASSOCIATES

No. 83-1575-CIV-5.

630 F.Supp. 1138 (1986)

WEFT, INC., et al., Plaintiffs, v. G.C. INVESTMENT ASSOCIATES, a limited partnership, et al., Defendants.

United States District Court, E.D. North Carolina, Raleigh Division.

March 20, 1986.

Attorney(s) appearing for the Case

Carl N. Patterson, Jr. and Amos U. Priester, IV, Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, Raleigh, N.C., for plaintiffs.

William V. McPherson, Jr., McPherson & Fletcher, P.A., Durham, N.C., for G.C. Inv. Associates and Cheryl Davenport Christensen.

Stuart M. Sessoms, Jr., Sessoms & Marin, P.A., Durham, N.C., G. Eugene Boyce and Robert E. Smith, Boyce, Mitchell, Burns & Smith, P.A., Raleigh, N.C., for Robert C. Georgiade.

MEMORANDUM OPINION AND ORDER

BRITT, Chief Judge.

Plaintiffs, Weft, Inc., The Tidewater Group, Inc., and William F. Smith, instituted this seven-count action against defendants, G.C. Investment Associates, G.C. Management, Incorporated, Cheryl Davenport Christensen and Robert C. Georgiade, for common law fraud and for violations of the Securities Act of 1933, 15 U.S.C. §§ 77a et seq. (1981), the Securities Exchange Act of 1934, 15 U.S.C....

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