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SCHWARTZ v. PHILADELPHIA NAT. BANK

Civ. A. No. 88-2587.

701 F.Supp. 92 (1988)

Ilene T. SCHWARTZ and Steven Schwartz, on behalf of themselves and all others similarly situated, v. PHILADELPHIA NATIONAL BANK, et al.

United States District Court, E.D. Pennsylvania.

October 20, 1988.

Attorney(s) appearing for the Case

Mark S. Guralnick, Garber & Guralnick Law Offices, Mt. Laurel, N.J., Steven M. Kramer, Steven M. Kramer & Associates, Philadelphia, Pa., for plaintiffs.

Gregory M. Harvey, Thomas G. Wilkinson, Jr., Glen R. Stuart, Morgan, Lewis & Bockius, Philadelphia, Pa., for Philadelphia Nat. Bank d/b/a PNB Discount Brokerage Service & Kelly, Kevin.

C. Clark Hodgson, Stradley, Ronon, Stevens & Young, Philadelphia, Pa., for National Financial Services Corp.

Reeder R. Fox, Duane, Morris & Heckscher, Philadelphia, Pa., for Pershing.

MEMORANDUM

NEWCOMER, District Judge.

This is an action by two dissatisfied securities customers against their broker and others who allegedly failed to place their trading orders in a timely fashion. Plaintiff's amended complaint consists of ten counts. Counts VI and VIII are federal claims brought under the Racketeer Influenced and Corrupt Organizations Act (RICO) and under Rule 10b-5 of the Securities Exchange Act of 1934; the eight remaining claims are...

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