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SOWELL v. BUTCHER & SINGER, INC.

No. 90-1414.

926 F.2d 289 (1991)

SOWELL, John B. v. BUTCHER & SINGER, INC. Grey, Thomas A., Bennett, Samuel J. and I.G.E., Inc. Appeal of John B. SOWELL, individually and on behalf of all others similarly situated.

United States Court of Appeals, Third Circuit.

Decided February 21, 1991.

Attorney(s) appearing for the Case

Niels Korup (argued), Spector, Gadon & Rosen, P.C., Philadelphia, Pa. and Robert Stull, Stull, Stull & Brody, New York City, for appellant.

Edward C. Mengel, Jr. (argued), Ellen K. Burrows, and Yvette M. Kostelac, White & Williams, Philadelphia, Pa., for appellees, Butcher & Singer, Inc. and Thomas A. Grey.

John A. Luchsinger (argued), Luchsinger & Noel, P.C., Media, Pa., for appellee Samuel J. Bennett.

Before SLOVITER, Chief Judge, and MANSMANN, Circuit Judge, and SAROKIN, District Judge.

OPINION OF THE COURT

MANSMANN, Circuit Judge.

This appeal requires that we determine whether the district court erred in directing a verdict for the defendants in an action alleging fraud and misrepresentation in connection with the purchase and sale of securities. The plaintiff, John B. Sowell, represents a certified class of plaintiffs who purchased shares of stock in I.G.E., Inc. during the period between August of 1977 and June of 1981. The plaintiff...

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