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GOTTLIEB v. SANDIA AMERICAN CORPORATION

Civ. A. No. 33924.

304 F.Supp. 980 (1969)

Irving GOTTLIEB et al. v. SANDIA AMERICAN CORPORATION (formerly know as Sandia American Development Corporation) et al.

United States District Court E. D. Pennsylvania.

September 12, 1969.

Attorney(s) appearing for the Case

William R. Pomerantz, Philadelphia, Pa., for plaintiffs.

Alan I. Aberman, Philadelphia, Pa., for S. Goldblatt.

Pace Reich, Esq., Modell, Pincus, Hahn & Reich, Philadelphia, Pa., for defendants.

FINDINGS OF FACT, DISCUSSION, CONCLUSIONS OF LAW, AND ORDER

WOOD, District Judge.

This action was brought to recover damages for alleged violations of Rule 10b-5 issued under the Securities Exchange Act of 1934 and of Section 17(a) of the Securities Act of 19331 in connection with a reorganization transaction in which Sandia American Development Corporation acquired World Wide Bowling Corporation, whose former stock-and debentureholders...

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