T. Rowe Price Small-Cap Fund, Inc. v. Oppenheimer & Co.

MEMORANDUM OPINION AND ORDER

KATZ, United States Magistrate Judge.

In this action, plaintiff T. Rowe Price Small-Cap Value Fund, Inc. (“T. Rowe Price”), seeks damages and rescission under the Securities Act of 1933 and state law, based upon allegedly misleading statements in, or omissions from, a Registration Statement filed with the Securities and Exchange *41Commission on October 6, 1993, and a related Prospectus, dated December 14, 1993. The Registration Statement concerned a public offering of rights by Guardian Ban-corp, the bank holding company for Guardian Bank (“the Bank” or “Guardian”), á…