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ARIOLI v. PRUDENTIAL-BACHE SECURITIES, INC.

No. 87-70312.

800 F.Supp. 1478 (1992)

Edward D. ARIOLI, Sandra L. Arioli, Dean E. Huber, Mary Ann Huber, John J. Laga, Jr., Denise Laga, Robert E. Wolfe, Lawrence A. Brainard, Rebecca S. Brainard, the Edward Arioli Revocable Trust, the Sandra L. Arioli Revocable Trust, the Dean E. Huber Revocable Trust, the Mary Ann Huber Revocable Trust, the John J. Laga, Jr. Revocable Trust and the Denise Laga Revocable Trust, Plaintiffs, v. PRUDENTIAL-BACHE SECURITIES, INC., Ronald J. Chewning, Terrence W. Sullivan, Equitec Venture Leasing Investors, 1984 Polaris Aircraft Trust VII, 1984 Polaris Aircraft Trust IX, 1985 Polaris Aircraft Investors XII-A & XII-B, 1984 Polaris Aircraft Investors V Program, Daniel Properties VII, Franklin Stonemill Associates, Bordeaux Partners, Ltd. and Almahurst Bloodstock II, Defendants.

United States District Court, E.D. Michigan, S.D.

September 2, 1992.

Attorney(s) appearing for the Case

MacDonald & Goren, P.C. Birmingham, Mich., for plaintiff Arioli.

Lyle D. Russell, Jr., Troy, Mich., for plaintiff Brainard.

Michael G. Vartanian, Richard A. Wilhelm, Detroit, Mich., for defendant Prudential Bache.

OPINION AND ORDER DENYING DEFENDANTS' MOTION FOR PARTIAL RECONSIDERATION OF THE COURT'S MAY 14, 1992 DECISION

GADOLA, District Judge.

On May 14, 1992, this court ruled on various issues concerning plaintiffs' claims of securities fraud. Part of this court's order dealt with the proper statute of limitations for claims of violations of Section 10(b) of the 1934 Securities and Exchange Act (15 U.S.C. § 78j(b)) and Rule 10b-5 (17 C.F.R. § 240.10b-5...

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