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REEDER v. MASTERCRAFT ELECTRONICS CORPORATION

No. 68 Civ. 5007.

363 F.Supp. 574 (1973)

Thomas J. REEDER et al., Plaintiffs, v. MASTERCRAFT ELECTRONICS CORPORATION et al., Defendants.

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

August 22, 1973.

Attorney(s) appearing for the Case

Silverman & Harnes, New York City, for plaintiffs; Sidney B. Silverman, New York City, of counsel.

Charles Sutton, for Mastercraft Electronics Corp. and Al Dayon.

H. John Gluskin, New York City, pro se.

OPINION

ROBERT J. WARD, District Judge.

In 1968 plaintiffs each purchased common stock of defendant Mastercraft Electronics Corporation ("Mastercraft"), which was then selling at between five and six dollars per share. This action arises from plaintiffs' allegations that the individual defendants and Mastercraft manipulated the price of the stock by disseminating to the public false and misleading information concerning the business prospects of the corporation...

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