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KREMER v. SELHEIMER

Civ. A. No. 31167.

215 F.Supp. 549 (1963)

I. Raymond KREMER, Receiver Manganese Corporation of America v. Perry N. SELHEIMER, Elliott C. Shull, M.D., Sheridan Bogan, Paul & Co., Inc., First Securities Corporation.

United States District Court E. D. Pennsylvania.

March 20, 1963.

Attorney(s) appearing for the Case

Robert S. Grodinsky, Kaplan, Levy & Grodinsky, Philadelphia, Pa., for plaintiff.

David Bortin, Bortin & Frater, Philadelphia, Pa., for Sheridan Bogan and Paul & Co., Inc.

Harold B. Bornemann, Thomas G. Meeker, Schnader, Harrison, Segal & Lewis, Philadelphia, Pa., for Perry N. Selheimer, First Securities Corp. and Elliott C. Shull.

LUONGO, District Judge.

In this action for damages for alleged violations of the Securities Exchange Act of 1934 (hereinafter Act), defendants have moved to dismiss plaintiff's amended complaint for failure to state a claim upon which relief can be granted. Since diversity of citizenship is lacking, jurisdiction is founded solely on the Act.

Plaintiff is the state court appointed receiver for Manganese Corporation of America. The defendants named in the original...

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