Hershfang v. Knotter

MEMORANDUM

MERHIGE, District Judge.

This matter comes before the Court on cross motions for summary judgment. Plaintiff, alleging securities fraud and breach of fiduciary duty, invokes the Court’s jurisdiction pursuant to § 27 of the Securities Exchange Act of 1934 (“Exchange Act”), 15 U.S.C. § 78aa, and the Court’s pendent jurisdiction over state law claims. The parties have stipulated that plaintiff is a citizen of New York and all defendants are citizens of states other than New York; the amount in controversy exceeds $10,000, exclusive of interest and costs; thus, plaintiff properly also…