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KLINE v. FIRST WESTERN GOVERNMENT SECURITIES

Civ. A. No. 83-1076.

794 F.Supp. 542 (1992)

Ernest P. KLINE and Eugene F. Knops v. FIRST WESTERN GOVERNMENT SECURITIES, et al.

United States District Court, E.D. Pennsylvania.

May 6, 1992.

Attorney(s) appearing for the Case

Joseph D. Mancano, Duane, Morris & Heckscher, Philadelphia, Pa., for plaintiffs.

Robert E. Leberman, Richard J. Sideman, San Francisco, Cal., for defendant First Western Government Securities, Inc.

First Western Government Securities, Inc., pro se.

Sidney P. Samuels, pro se.

Samuels, Kramer and Co., pro se.

John E. McKeever, Schnader, Harrison, Segal & Lewis, Irving R. Segal, Philadelphia, Pa., for defendant Avery, Hodes, Costello and Burman.

MEMORANDUM OPINION AND ORDER

VanARTSDALEN, Senior District Judge.

INTRODUCTION

Plaintiffs invested in forward contracts through First Western Government Securities (First Western). As part of the promotional materials received from First Western, they received tax opinion letters drafted by Arvey, Hodes, Costello & Burman (Arvey Hodes or Arvey). When they did not receive the favorable tax consequences they expected, plaintiffs brought suit...

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