Healey v. Catalyst Recovery of Pennsylvania, Inc.
Court of Appeals for the Third Circuit
1Opinion of the Court
OPINION OF THE COURT
SEITZ, Chief Judge.
Five individual and three corporate defendants appeal from a judgment entered against them on a jury verdict awarding the plaintiff damages for violation of § 10(b) of the Securities and Exchange Act of 1934, 15 U.S.C. § 78j(b), and rule 10b-5, 17 C.F.R. § 240.10b-5.
I. Factual Background
In the spring of 1972, the plaintiff became a 20% shareholder and president of Catalyst Regeneration Services, Inc. (CRS), a Texas corporation. CRS set up its only plant in Pennsylvania and began regenerating oil refining catalysts (a process by which the catalyst is…
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- In Re Phillips Petroleum Securities Litigation. C.A. 85-14 Hudson v. Phillips Petroleum Company C.A. 85-45 Hudson v. Phillips Petroleum Company C.A. 85-281 Irwin v. Douce C.A. 85-401 Kelly v. Pickens C.A. 85-447 Lawrence v. Pickens C.A. 85-537 Cohen v. Mesa Petroleum Co. Appeal of Florence Hudson (Civil Action No. 85-14 Mms), Harry W. Voege S. Paul Posner & Co., a Partnership Ominsky, Joseph & Welsh, P.C., Defined Benefit Plan U/a Dated Ddt July 1, 1976, Albert Ominsky, Trustee Barnett Stepak Initio, Inc. Alfred D. Whitman Connecticut Medical Laboratory, Inc. Murray Bell Pierre Haber and Leonard Brawer (Civil Action No. 85-45 Mms), Christopher P. Kelly and Brynn Kelly, Trustees for the Kelly Family Trust Under Trust Agreement Dated as of October 1, 1977, on Behalf of Themselves and All Others Similarly Situated (Civil Action No. 85-401 Lon), John S. Lawrence, on Behalf of Himself and All Others Similarly Situated (Civil Action No. 85-447), Jerry C. Cohen (Civil Action No. 85-537 Mms). Appeal of John S. LawrenceCourt of Appeals for the Third Circuit · 1989
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