Legal Opinion

Healey v. Catalyst Recovery of Pennsylvania, Inc.

Court of Appeals for the Third Circuit

Decided January 29, 1980No. 79-1370PublishedCited by 71 opinions

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…

2Cases cited17 opinions

  1. Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
  2. TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
  3. Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
  4. Mills v. Electric Auto-Lite Co.Supreme Court of the United States · 1970
  5. Santa Fe Industries, Inc. v. GreenSupreme Court of the United States · 1977

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3Cited by71 opinions

  1. Virginia Bankshares, Inc. v. SandbergSupreme Court of the United States · 1991
  2. Craftmatic Securities Litigation v. KraftsowCourt of Appeals for the Third Circuit · 1989
  3. SHARP, Stanley L. v. COOPERS & LYBRAND, AppellantCourt of Appeals for the Third Circuit · 1981
  4. Trump Hotels & Casino Resorts, Inc. v. Mirage Resorts Inc.Court of Appeals for the Third Circuit · 1998
  5. 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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