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BRIGHT v. PHILADELPHIA-BALTIMORE-WASHINGTON STOCK EX.

Civ. A. No. 71-433.

327 F.Supp. 495 (1971)

Stanley BRIGHT, III v. PHILADELPHIA-BALTIMORE-WASHINGTON STOCK EXCHANGE et al.

United States District Court, E. D. Pennsylvania.

May 11, 1971.

Attorney(s) appearing for the Case

Morris R. Brooke, Joseph C. Bright, Jr., Drinker, Biddle & Reath, Philadelphia, Pa., for plaintiff.

Raymond J. Bradley, Matthew J. Siembieda, Wolf, Block, Schorr & Solis-Cohen, Philadelphia, Pa., for defendants.

OPINION

HUYETT, District Judge.

Plaintiff, Stanley Bright, III, by complaint filed February 22, 1971, commenced this action against the Philadelphia-Baltimore-Washington Stock Exchange ("PBW"), and the individual members of its Board of Governors ("Board"). Plaintiff claims that defendants violated a duty created by the Securities Exchange Act of 1934, as amended ("Act"), 15 U.S.C. § 78a et seq., by their failure to comply with the provisions of the...

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