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PHILLIPS v. REYNOLDS & CO.

Civ. A. No. 35663.

294 F.Supp. 1249 (1969)

John A. PHILLIPS, Herbert Craig, Jr., E. E. Taylor, Herbert Craig, A. Felleman Fish v. REYNOLDS & CO., and Lawrence S. Warren.

United States District Court E. D. Pennsylvania.

January 14, 1969.

Attorney(s) appearing for the Case

David Kanner, Kanner, Stein, Feinberg & Barol, Philadelphia, Pa., for plaintiffs.

Eliot H. Lumbard and Daniel E. Kirsch, Townsend & Lewis, New York City, for Reynolds & Co.

George P. Williams, III, Schnader, Harrison, Segal & Lewis, Philadelphia, Pa., for defendant Lawrence S. Warren.

FINDINGS OF FACT, DISCUSSION, and CONCLUSIONS OF LAW

WOOD, District Judge.

Plaintiffs in this action sought to recover damages for common law fraud and for violations of Section 17 of the Securities Act of 1933 and Section 10 of the Securities Exchange Act of 1934 in the purchase or sale securities. We find in favor of the defendants on all counts, and make the following findings of fact and conclusions of law.

FINDINGS OF FACT

1. Lawrence...

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