POINDEXTER v. MERRILL LYNCH, PIERCE, ET AL.

No. 86-CV-40091-FL.

684 F.Supp. 478 (1988)

Ron POINDEXTER, Delores Poindexter, Linda Binder, Nat Schaffer, Sol Schaffer, Paul Craig, Julius Komarmy, Alecia Gearing, Loucretia Gearing, Sydney Gearing, Robert Brown, Teresa Miller, Harry Sutphen, Clark Marsh, and James Moore, Plaintiffs, v. MERRILL LYNCH, PIERCE, FENNER & SMITH a/k/a Merrill Lynch Futures, Inc., John R. Dobbyn, Dyan MacDonald Dobbyn, MacDonald-Dobbyn Managed Commodity Program and Robert Craig, Defendants.

United States District Court, E.D. Michigan, S.D.

April 8, 1988.


Attorney(s) appearing for the Case

Jeffrey Boxer, Raymond Edelman, Boston, Mass., Kenneth A. Flaska, Detroit, Mich., for plaintiffs.

Douglas G. Graham, Dennis K. Egan, Detroit, Mich., for defendants.


MEMORANDUM OPINION AND ORDER

NEWBLATT, District Judge.

Plaintiffs have filed an action for monetary relief from the conduct of defendants relating to the purchase and maintenance of certain "units of investment." Plaintiffs have alleged securities fraud under the Securities Act of 1933 and the Securities Exchange Act of 1934, 17 C.F.R. 240.10b-5 and 15 U.S.C. §§ 77q, 77j; a claim for churning; and, an alleged violation of the Racketeer Influenced...

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