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GRUBER v. PRICE WATERHOUSE

Civ. A. No. 86-3976.

776 F.Supp. 1044 (1991)

Oscar GRUBER, Raymond Shatz, and Larry Greenstein, suing on behalf of themselves and all others similarly situated v. PRICE WATERHOUSE.

United States District Court, E.D. Pennsylvania.

October 24, 1991.

Attorney(s) appearing for the Case

Leonard Barrack, Sheldon Albert, Anthony Bolognese, Philadelphia, Pa., for plaintiff.

John G. Harkins, Patricia L. Freeland, Robert L. Hickok, Margaret A. Suender, Steven A. Reed, Philadelphia, Pa., for defendant.

OPINION

DITTER, District Judge.

This action is yet another piece of litigation concerning AIA Industries, Inc. and its demise. See In re AIA Industries, Inc. Securities Litigation, Master File No. 84-2276 (E.D.Pa.). Here, plaintiffs charge an accounting firm produced fraudulent audits and financial statements. Plaintiffs claim they relied on these materials when purchasing AIA stock, and therefore allege violations of Section 10(b) of the Securities...

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