Legal Opinion
Premier Industries, Inc. v. Delaware Valley Financial Corp.
District Court, E.D. Pennsylvania
Decided August 1, 1960No. Civ. A. 27983PublishedCited by 22 opinions
1Opinion of the Court
CLARY, District Judge.
The present action appears to be grounded upon three distinct and independent statutory sections — two sections of the Securities Act of 1933 (i. e., §§ 77l(2) and 77q of Title 15 U.S.C.A.), and one section of the Securities Exchange Act of 1934, (i. e., § 78j of Title 15 U.S. C.A.).
The plaintiff, Premier Industries, Inc., seeks to rescind an allegedly fraudulent sale of all of the outstanding stock of National Dynamics Corporation in return for a sum in excess of $2,500,000.
The defendants have moved to dismiss under Rule 12(b) of the Federal Rules of Civil Procedure, 28…
2Cases cited8 opinions
- Wilko v. SwanSupreme Court of the United States · 1953
- Fischman v. Raytheon Mfg. Co.Court of Appeals for the Second Circuit · 1951
- Tobacco & Allied Stocks, Inc. v. Transamerica Corp.District Court, D. Delaware · 1956
- Osborne v. MalloryDistrict Court, S.D. New York · 1949
- Rosenberg v. Globe Aircraft CorporationDistrict Court, E.D. Pennsylvania · 1948
3 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983
- In Re Caesars Palace Securities LitigationDistrict Court, S.D. New York · 1973
- Ingenito v. Bermec CorporationDistrict Court, S.D. New York · 1974
- Brick v. Dominion Mortgage & Realty TrustDistrict Court, W.D. New York · 1977
- Fed. Sec. L. Rep. P 94,302 the Johns Hopkins University v. William E. HuttonCourt of Appeals for the Fourth Circuit · 1974
17 more not listed; retrieve them via the Exa API.