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PRENTICE v. HSU

No. 66 Civ. 2461.

280 F.Supp. 384 (1968)

Pierrepont I. PRENTICE, Plaintiff, v. Thomas HSU, Molly Joffey, Eugene Whitlock, Phillip Tramberg and T.E.A.C. Corporation, Defendants.

United States District Court S. D. New York.

January 25, 1968.

Attorney(s) appearing for the Case

Berman & Powers, New York City, for plaintiff.

Abraham Kaufman, New York City, for defendants.

MOTLEY, District Judge.

Memorandum Decision and Order

This is a civil action for rescission and damages arising under the Securities Act of 1933 and the Securities Act of 1934, 15 U.S.C. §§ 77l(2), 77q(a) and 15 U.S.C. § 78i(b) and Rule 10b-5, 17 C.F.R. 240.10b-5. The complaint alleges that defendant Hsu 1) promised to invest over $1,000,000 in plaintiff's corporation in exchange for stock therein; 2) represented that he had...

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