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RODRIGUEZ v. MONTALVO

Civ. Nos. 84-0862(RLA), 84-3075(RLA).

649 F.Supp. 1169 (1986)

Roberto RODRIGUEZ, Ricardo Rodriguez and Ventura Rodriguez & Sons, Inc., Plaintiffs, v. Mario MONTALVO, Tania R. De Montalvo, and the conjugal partnership created by them, and Cadierno Corporation, Defendants, Waldemar V. Rodriguez-Cabra, Third-Party Defendant. Waldemar RODRIGUEZ-SANTIAGO, Plaintiff, v. Mario MONTALVO, Tania R. De Montalvo, their conjugal partnership, and Cadierno Corporation, Defendants.

United States District Court, D. Puerto Rico.

December 3, 1986.

Attorney(s) appearing for the Case

Federico Ramírez Ross, Ramirez, Latimer & Biaggi, San Juan, P.R., for plaintiffs.

A.J. Amadeo Murga, Hato Rey, P.R., for defendants.

OPINION AND ORDER

ACOSTA, District Judge.

These two consolidated actions were instituted by Ventura Rodríguez & Sons, Inc. and three Rodríguez-Santiago brothers, former shareholders of Cadierno Corporation (Cadierno), attacking the validity of the transfer of their shares to Cadierno. Plaintiffs claim the aforementioned sale was effected in contravention of section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. sec. 78j(b), and Rule...

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