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BULL v. AMERICAN BANK AND TRUST CO. OF PA.

Civ. A. Nos. 84-4056, 84-4196 to 84-4199, 84-4465, 84-4466 and 84-4611.

641 F.Supp. 62 (1986)

Roger BULL, et al. v. AMERICAN BANK AND TRUST CO. OF PA., et al. James O'DONNELL, et al. v. AMERICAN BANK AND TRUST CO. OF PA., et al. Jack A. GOMBERG, M.D. v. AMERICAN BANK AND TRUST CO. OF PA., et al. Andrew DERMOND, et al. v. DAIRY CATTLE MANAGEMENT CORPORATION, et al. Joseph MARIANO, et al. v. AMERICAN BANK AND TRUST CO. OF PA., et al. Anthony FAZIO v. DAIRY CATTLE MANAGEMENT CORPORATION, et al. Charles CHAPAS, et al. v. AMERICAN BANK AND TRUST CO. OF PA., et al. Robert BLOOM, et al. v. AMERICAN BANK AND TRUST CO. OF PA., et al.

United States District Court, E.D. Pennsylvania.

January 13, 1986.

Attorney(s) appearing for the Case

Richard G. Phillips, Richard G. Phillips Associates, Philadelphia, Pa., for plaintiffs.

Joel Burcat, Harrisburg, Pa., for EmTran, Inc.

Curtis P. Cheyney, Philadelphia, Pa., for Swartz, Campbell & Detweiler.

William E. Master, Merkel & Spang, Reading, Pa., for Eugene Richard.

Brian E. Appel, Hoyle, Morris & Kerr, Philadelphia, Pa., for David Paul, Inc. and d/b/a David Paul Associates.

Joan R. Sheak, Klehr, Harrison, Harvey, Branzburg, Ellers & Weir, Jack M. Seitz, Allentown, Pa., for American Bank and Trust Co.

M. Kelly Tillery, Philadelphia, Pa., for John Nisbet.

Thomas C. Zielinski, Philadelphia, Pa., for Morris J. Cohen & Co.

Curtis P. Cheyney, III, Swartz, Campbell & Detweiler, James R. Kahn, Matthew J. Siembieda, Blank, Rome, Comisky & McCauley, Philadelphia, Pa., for Thomas Ledbetter, Ledbetter and Yogel Associates, Lawrence Yogel.

Stanley J. Sinowitz, Philadelphia, Pa., and A. Patricia Diulus, Arthur J. Murphy Jr. & Assoc. P.C., Pittsburgh, Pa., for Sol Sardinsky, Sol Sardinsky & Company.

OPINION

CAHN, District Judge.

Plaintiffs have sued defendants for damages resulting from the alleged violation of federal and state securities laws and state common law. Before me are defendants' motions to dismiss. For the reasons set forth below, the motions to dismiss will be granted in part.

FACTS

These actions arise out of plaintiffs' participation in the Star Bright Holsteins (SBH) program, an investment plan involving the purchase...

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