Weiss v. SUNASCO INCORPORATED

OPINION AND ORDER

FULLAM, District Judge.

This case is presently before the Court on the defendants’ motions to dismiss addressed to five counts of the plaintiff’s six-count complaint. The defendants named in the respective counts of the complaint are listed in Appendix A hereto. Plaintiff is the owner of 100 of approximately 1,000,000 outstanding shares of Sunasco $1.65 preferred stock.

Before discussing the defendants’ motions to dismiss, it is necessary to describe briefly the corporate transactions that give rise to the plaintiff’s claim. Sunasco, a defendant corporation, 1 came into being…