Kamen & Co. v. Paul H. Aschkar & Co.

McNICHOLS, District Judge.

This is an appeal and cross-appeal from a final judgment of the District Court in favor of the appellee, plaintiff below, for the amount paid for certain worthless stock alleged to have been purchased because of fraudulent conduct of certain agents of the appellants.

Jurisdiction of the District Court was invoked pursuant to 15 U.S.C. § 77v, Securities Act of 1933, 15 U.S.C. § 78aa, Securities Exchange Act of 1934, and 28 U.S.C. § 1332; the diversity statute. Jurisdiction here exists by reason of 28 U.S.C. § 1291.

The parties on appeal are: Paul H. Aschkar and Company…