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WIEBOLDT v. METZ

No. 70 Civ. 3237.

355 F.Supp. 255 (1973)

William H. WIEBOLDT, Jr., Plaintiff, v. M. Stanley METZ et al., Defendants.

United States District Court, S. D. New York.

February 22, 1973.

Attorney(s) appearing for the Case

Lipkin, Gusrae & Held, New York City, for plaintiff.

Zucker, Weiden & Shapiro, New York City, for defendant Benjamin Dorskind.

Weil, Gotshal & Manges, New York City, for defendant Stevens H. Weiss.

Vineski, Brann & Williams, Troy, Pa., for defendants Franklyn P. Bolton and Roy Stuckless.

OPINION

LASKER, District Judge.

Enticed by an ad in The New York Times promising "the best of all business worlds", plaintiff, William Wieboldt, purchased from Simplified Business Services ("SBS") for $12,500 a franchise to operate a Simplified Business and Tax Center. He also acquired 1,500 SBS shares at $2.50 per share. Wieboldt's investment was not as lucrative as he had hoped, a fact which eventually led him to bring this suit against SBS, some of its...

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