Bull v. American Bank and Trust Co. of Pa.

OPINION

CAHN, District Judge.

Plaintiffs have sued defendants for damages resulting from the alleged violation of federal and state securities laws and state common law. Before me are defendants’ motions to dismiss. For the reasons set forth below, the motions to dismiss will be granted in part.

FACTS

These actions arise out of plaintiffs’ participation in the Star Bright Holsteins (SBH) program, an investment plan involving the purchase, breeding, and maintenance of herds of Holstein cattle for the accounts of investors seeking tax shelters. For purposes of deciding defendants’ motion to…