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DEUTSCHMAN v. BENEFICIAL CORP.

No. 87-3570.

841 F.2d 502 (1988)

Robert M. DEUTSCHMAN, Appellant, v. BENEFICIAL CORP., Finn M.W. Caspersen, Andrew C. Halvorsen. (D.C. Civil No. 86-00595)

United States Court of Appeals, Third Circuit.

Decided March 7, 1988.

Rehearing and Rehearing Denied April 4, 1988.

Attorney(s) appearing for the Case

Richard B. Dannenberg (argued), Jill Raskin, Lowey, Dannenberg & Knapp, P.C., New York City, Pamela S. Tikellis, Biggs & Battaglia, Wilmington, Del., for appellant, Robert M. Deutschman.

Stephen P. Lamb, Skadden, Arps, Slate, Meagher & Flom, Wilmington, Del., for appellee, Andrew C. Halvorsen.

Charles F. Richards, Jr., Kevin G. Abrams, Richards, Layton & Finger, Wilmington, Del., for appellees, Beneficial Corp. and Finn M.W. Caspersen.

Dewey, Ballantine, Bushby, Palmer & Wood, Sanford M. Litvack (argued), New York City, for appellee, Finn M.W. Caspersen.

Before GIBBONS, Chief Judge, and WEIS and GREENBERG, Circuit Judges.

Rehearing and Rehearing In Banc Denied April 4, 1988.

OPINION OF THE COURT

GIBBONS, Chief Judge.

Robert M. Deutschman appeals from a Fed.R.Civ.P. 12(b)(6) dismissal of his amended class action complaint against Beneficial Corporation (Beneficial), Finn M.W. Caspersen, Beneficial's Chairman and Chief Executive Officer, and Andrew C. Halvorsen, its Chief Financial Officer. The two count complaint alleges that the defendants violated (1) section 10...

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