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KEYSER v. COMMONWEALTH NATIONAL FINANCIAL CORP.

Civ. No. 85-1853.

644 F.Supp. 1130 (1986)

George H. KEYSER, Individually, as class representative on behalf of others similarly situated, and derivatively on behalf of Commonwealth National Financial Corporation, and Walter W. Shearer, Plaintiffs, v. COMMONWEALTH NATIONAL FINANCIAL CORPORATION, et al., Defendants.

United States District Court, M.D. Pennsylvania, Third Circuit Division.

April 7, 1986.

Attorney(s) appearing for the Case

David Aufhauser, Williams & Connolly, Washington, D.C., John Havas, Harrisburg, Pa., for plaintiffs.

Walter T. McGough, Anthony J. Basinski, Pittsburgh, Pa., Robert B. Hoffman, Harrisburg, Pa., for Mellon Bank Corp.

Jon A. Baughman, Joyce K. Hackenbrach, Seth D. Linfield, Pepper, Hamilton & Scheetz, Philadelphia, Pa., Lewis S. Kunkel, Jr., Pepper, Hamilton & Scheetz, Harrisburg, Pa., for Commonwealth National Financial Corp, Individual Director defendants.

NEALON, Chief Judge.

MEMORANDUM AND ORDER

I. PROCEDURAL HISTORY

Plaintiff, George H. Keyser, brought this action pursuant to 28 U.S.C. §§ 1331, 1332 alleging violations of section 27 of the Securities Exchange Act of 1934 [1934 Act], 15 U.S.C. § 78aa and state law. Specifically, plaintiff alleges that defendants violated Sections 10(b) and 14(a) of the 1934 Act 15 U.S.C. §§...

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