Legal Opinion
Lustgarten v. Albert Teller & Co.
District Court, E.D. Pennsylvania
Decided July 25, 1969No. Civ. A. Nos. 68-135, 256PublishedCited by 3 opinions
1Opinion of the Court
OPINION
HANNUM, District Judge.
These are suits by the plaintiffs charging the defendants with violations of the Securities Act of 1933, the question of law in the two cases are identical, namely selling unregistered securities as prohibited by Section 5 of the Securities Act of 1933 (15 U.S.C. Sec. 77e). Both parties in these suits have moved for summary judgment.
The plaintiffs allege that on May 17, 1967, the defendant through its agent or employee, telephoned and solicited the plaintiffs to purchase shares of Interameriean Industries, Ltd., a Canadian Company. On May 18, 1967, the defendant…
2Cited by3 opinions
- Vernon J. Rockler & Co. v. Graphic Enterprises, Inc.District Court, D. Minnesota · 1971
- Fed. Sec. L. Rep. P 94,013 Chester Kubik v. Morton Goldfield and Albert Teller & Co., Inc.Court of Appeals for the Third Circuit · 1973
- Northrop v. DuPontSupreme Court of Virginia · 1970