Legal Opinion
Kramer v. Scientific Control Corp.
District Court, E.D. Pennsylvania
Decided November 27, 1973No. Civ. A. 71-1954PublishedCited by 34 opinions
1Opinion of the Court
OPINION AND ORDER
BECHTLE, District Judge.
Plaintiffs, two Philadelphia lawyers, allege in their complaint that on January 6, 1969, they purchased, as joint tenants, 50 shares of stock of Scientific Control Corp. (“Scientific”), 1 2in the Eastern District of Pennsylvania, in reliance on a prospectus considered acceptable for filing and use by the Securities Exchange Commission (“SEC”), as well as upon financial reports and other data of Scientific regarding the corporation’s financial condition, which deceived them of the true worth of the stock. They sold the stock one month later for a loss…
2Cases cited20 opinions
- United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
- Wilko v. SwanSupreme Court of the United States · 1953
- Superintendent of Insurance of New York v. Bankers Life & Casualty Co.Supreme Court of the United States · 1971
- Mississippi Publishing Corp. v. MurphreeSupreme Court of the United States · 1946
- Alexander Kahan, on Behalf of Himself and All Others Similarly Situated v. Lewis RosenstielCourt of Appeals for the Third Circuit · 1970
15 more not listed; retrieve them via the Exa API.
3Cited by34 opinions
- Mark E. O'Brien v. R.J. O'Brien & Associates, Inc.Court of Appeals for the Seventh Circuit · 1993
- In Re Initial Public Offering Securities LitigationDistrict Court, S.D. New York · 2003
- Mitchell A. KRAMER and David C. Harrison v. SCIENTIFIC CONTROL CORP. Et Al. Appeal of ARTHUR ANDERSEN & CO.Court of Appeals for the Third Circuit · 1976
- A. L. Black v. Acme Markets, Inc., First National Stores, Inc.Court of Appeals for the First Circuit · 1977
- McLaughlin v. CopelandDistrict Court, D. Maryland · 1977
29 more not listed; retrieve them via the Exa API.