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MORGAN v. FINANCIAL PLANNING ADVISORS, INC.

Civ. A. No. 87-0255.

701 F.Supp. 928 (1988)

Caleb MORGAN and Molly Heath, Plaintiffs, v. FINANCIAL PLANNING ADVISORS, INC., John A. Reilly, Individually and d/b/a Financial Benefit Consultants, and Helen Reilly, Robert S. Todd, Thomas Wheeler, Individually and d/b/a Thomas B. Wheeler Associates, Egil Stigum, Individually and d/b/a Egil Stigum & Associates and Massachusetts Mutual Life Insurance Company, Defendants. FINANCIAL PLANNING ADVISORS, INC., John A. Reilly, Individually and d/b/a Financial Benefit Consultants and Helen Reilly, Third-Party Plaintiffs, v. Edward B. KALP, Richard G. Kayne, Robert S. Todd, and Thomas B. Wheeler, Third-Party Defendants.

United States District Court, D. Massachusetts.

November 28, 1988.

Attorney(s) appearing for the Case

Thomas E. Peckham, David C. Casey, Barry M. Altman, Peckham, Lobel, Casey & Tye, Boston, Mass., for plaintiffs.

Gary R. Greenberg and Lawrence R. Kulig, Goldstein & Manello, Boston, Mass., for Financial Planning Advisors, Inc., John A. Reilly, d/b/a Financial Benefit Consultants.

Michael J. Stone, Myles Hoisington, Posternak, Bnakstein and Lund, Boston, Mass., for Robert Todd.

Edward F. Rooney, Jr., Lyne, Woodworth & Evarts, Boston, Mass., for Thomas B. Wheeler.

Richard G. Kayne, Boston, Mass., pro se.

MEMORANDUM AND ORDER

McNAUGHT, District Judge.

The plaintiffs in this action brought suit against John Reilly and others alleging the defendants collectively defrauded them of large sums of money they invested in rare coins by misrepresenting the value of the recommended coins. Defendants Financial Planning Advisors, Inc. (FPA), John Reilly, individually and d/b/a Financial Benefit Consultants, and Helen Reilly...

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