Legal Opinion
In Re Catanella and EF Hutton and Co.
District Court, E.D. Pennsylvania
Decided April 9, 1984No. M.D.L. 546PublishedCited by 123 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
GILES, District Judge.
TABLE OP CONTENTS
SUBJECT PAGE
I. INTRODUCTION 1392
II. THE COMPLAINTS 1393
III. DISCUSSION 1397
A. Pleading Deficiencies 1397
1. Specificity and Rule 9(b) 1397
2. Immaterial, Impertinent or Scandalous Matter 1400
3. Simplicity and Rule 8 1401
B. Federal Securities Laws 1402
1. Section 10(b) 1402(a) Scope of Prohibited Conduct 1403(b) Churning 1405(c) In Connection With 1407(d) Causation 1413
2. Section 12(2) 1417
3. Investment Advisers Act of 1940 1418
4. Section 17(a) 1417
5. Vicarious Liability 4449
C. The Rico Claims 1422
1. The Statute 1422
2. Securities Related…
2Cases cited194 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Russello v. United StatesSupreme Court of the United States · 1983
- United States v. TurketteSupreme Court of the United States · 1981
189 more not listed; retrieve them via the Exa API.
3Cited by123 opinions
- Haroco, Inc. v. American National Bank and Trust Company of Chicago, Walter E. Heller International Corporation, & Ronald J. GrayheckCourt of Appeals for the Seventh Circuit · 1985
- Robert J. Guidry v. Bank of Laplace, Etc.Court of Appeals for the Fifth Circuit · 1992
- Haberman v. Washington Public Power Supply SystemWashington Supreme Court · 1988
- Martin v. Heinold Commodities, Inc.Illinois Supreme Court · 1994
- 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
118 more not listed; retrieve them via the Exa API.