Legal Opinion

Nutis v. Penn Merchandising Corp.

District Court, E.D. Pennsylvania

Decided August 15, 1985No. Civ. A. 83-5708PublishedCited by 7 opinions

1Opinion of the Court

OPINION

LUONGO, Chief Judge.

Plaintiffs, minority shareholders of Penn Merchandising Corporation (“Old Penn”), brought this federal securities action against certain officers, directors and controlling shareholders of Old Penn. In an Opinion and Order filed June 18, 1985 I dismissed plaintiffs’ amended complaint for failure to state a cause of action. Plaintiffs have now moved for partial reconsideration and for leave to file a second amended complaint. For the reasons that follow, I will deny the motion.

Plaintiffs seek to have the judgment of dismissal reconsidered on the basis of facts…

2Cases cited33 opinions

  1. Foman v. DavisSupreme Court of the United States · 1962
  2. Affiliated Ute Citizens of Utah v. United StatesSupreme Court of the United States · 1972
  3. Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
  4. Santa Fe Industries, Inc. v. GreenSupreme Court of the United States · 1977
  5. Chiarella v. United StatesSupreme Court of the United States · 1980

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3Cited by7 opinions

  1. Newark Branch v. Town of HarrisonCourt of Appeals for the Third Circuit · 1990
  2. Newark Branch, National Association For The Advancement Of Colored People, v. Town Of Harrison, New JerseyCourt of Appeals for the Third Circuit · 1990
  3. Froid v. BernerDistrict Court, D. New Jersey · 1986
  4. Sims v. FaestelDistrict Court, E.D. Pennsylvania · 1986
  5. Unterberg Harris Private Equity Partners, L.P. v. Xerox Corp.District Court, S.D. New York · 1998

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