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KAVOURAS v. VISUAL PRODUCTS SYSTEMS, INC.

Civ. A. No. 87-2729.

680 F.Supp. 205 (1988)

Thomas KAVOURAS and Lulu Kavouras, Plaintiffs, v. VISUAL PRODUCTS SYSTEMS, INC., Gunther Slaton, Arthur Kaufman, and Rocky Mountain Securities and Investments, Inc., Defendants.

United States District Court, W.D. Pennsylvania.

March 8, 1988.

Attorney(s) appearing for the Case

Stephen J. Laidhold, Lampl Sable Makoroff & Libenson, Pittsburgh, Pa., for plaintiffs.

Harold M. Golz, Denver, Colo., for defendants.

OPINION

GERALD J. WEBER, District Judge.

For sometime prior to the events in issue, plaintiffs had sought and accepted investment advice from Arthur Kaufman, a broker with Rocky Mountain Securities and Investments, Inc. In February 1987, Kaufman advised plaintiffs to subscribe to a new issuance of stock in Visual Products Systems, Inc. (VSP). Kaufman and Gunther Slaton, the principal at VSP, indicated to plaintiffs that the stock would soon be offered for...

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