Kramer & Harrison v. Scientific Control Corp.

MEMORANDUM OPINION AND ORDER

BECHTLE, District Judge.

The purported class action here involved was brought pursuant to the various anti-fraud sections of the Federal securities laws and regulations thereunder. One of the defendants, John B. Baird, former president and vice-chairman of the Board of Directors of Scientific Control Corporation, has filed a motion to dismiss. A ground for that motion is that the claims under §§11 and 12(2) of the Securities Act of 1933, 15 U.S.C. §§ 77k, 77i(2) are barred by the statute of limitations of § 13 of that Act, 15 U.S.C. § 77m. This section in pertinent…