Financial Programs, Inc. v. Falcon Financial Services, Inc.

OPINION

SKOPIL, District Judge:

I

INTRODUCTION

Plaintiffs, four mutual funds and a mutual fund management company, assert claims against defendants, a broker-dealer corporation and some of its officers and employees, for alleged acts of unfair competition, commercial disparagement, interference with contractual relations, and securities law violations.

II

JURISDICTION

I find that the Court lacks jurisdiction over the securities law claims because the plaintiffs have not established that they were defrauded purchasers. However, jurisdiction over the remainder of plaintiffs’ claims exists under 28…