Gruber v. Price Waterhouse
District Court, E.D. Pennsylvania
1Opinion of the Court
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 and Exchange Act of 1934, Rule 10b-5, and common law.
Defendant Price Waterhouse (“PW”) has moved for summary judgment and decerti-fication of the…
2Cases cited15 opinions
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
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- Fed. Sec. L. Rep. P 98,033 James L. Shores, Jr., as of the Estate of Clarence E. Bishop, Jr., Etc. v. Jerald H. SklarCourt of Appeals for the Fifth Circuit · 1981
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