Legal Opinion

Kremer v. Selheimer

District Court, E.D. Pennsylvania

Decided March 20, 1963No. Civ. A. 31167PublishedCited by 17 opinions

1Opinion of the Court

LUONGO, District Judge.

In this action for damages for alleged violations of the Securities Exchange Act of 1934 (hereinafter Act), defendants have moved to dismiss plaintiff’s amended complaint for failure to state a claim upon which relief can be granted. Since diversity of citizenship is lacking, jurisdiction is founded solely on the Act.

Plaintiff is the state court appointed receiver for Manganese Corporation of America. The defendants named in the original complaint were Perry N. Sel-heimer, Elliott C. Shull, and corporate broker dealers Sheridan Bogan, Paul & Co., Inc., E. W. Smith &…

2Cases cited4 opinions

  1. Birnbaum v. Newport Steel Corp.Court of Appeals for the Second Circuit · 1952
  2. Bailey v. JacobsSupreme Court of Pennsylvania · 1936
  3. Slavin v. Germantown Fire Ins. Co.Court of Appeals for the Third Circuit · 1949
  4. Provident Trust Co. v. GeyerSupreme Court of Pennsylvania · 1915

3Cited by17 opinions

  1. Mutual Shares Corporation, Spingarn Heine & Co., and Norte & Co. v. Genesco, Inc., and W. Maxey JarmanCourt of Appeals for the Second Circuit · 1967
  2. Fed. Sec. L. Rep. P 93,752 Ruth F. Howells Vincent v. Lorin L. MoenchCourt of Appeals for the Tenth Circuit · 1973
  3. Surowitz v. Hilton Hotels Corp.Court of Appeals for the Seventh Circuit · 1965
  4. New Park Mining Company v. CranmerDistrict Court, S.D. New York · 1963
  5. Superintendent of Insurance of New York v. FreedmanDistrict Court, S.D. New York · 1977

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