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KLAPMEIER v. TELECHECK INTERNATIONAL, INC.

No. 5-70 Civ. 31.

315 F.Supp. 1360 (1970)

James E. KLAPMEIER, John F. Harris, Jack Dekker, Zaven Dadekian, Dave Wilbourn, Plaintiffs, v. TELECHECK INTERNATIONAL, INC., a Hawaii Corporation, Harry M. Flagg, Harry D. Felt, Robert J. Baer, Herbert C. H. Chun, George L. K. Kerr, Herman T. F. Lum, Bruce A. McCandless, Gerald C. McKenna, David S. Nakano, Omar A. Tunks, J. Edwin Whitlow, and Clifford H. N. Yee, Defendants.

United States District Court, D. Minnesota, Fifth Division.

September 11, 1970.

Attorney(s) appearing for the Case

Rider, Bennett, Egan, Johnson & Arundel, by Stuart W. Rider, Jr., Minneapolis, Minn., for plaintiffs.

Dorsey, Marquart, Windhorst, West & Halladay, by Peter Dorsey and James H. O'Hagan, Minneapolis, Minn., for defendants.

NEVILLE, District Judge.

Jurisdiction in the above entitled case over the persons of certain parties defendant, residents of Hawaii and California, not claimed to be reachable by process under the Minnesota long-arm statute, depends upon the application of 15 U.S.C. § 78aa, § 27 of the Securities Exchange Act of 1934, which reads:

"The district courts of the United States * * * shall have exclusive...

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