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A.B.A. AUTO LEASE CORP. v. ADAM INDUSTRIES, INC.

Civ. A. No. 74-865.

387 F.Supp. 531 (1975)

A.B.A. AUTO LEASE CORP. and Ernst International, Inc. v. ADAM INDUSTRIES, INC., et al.

United States District Court, E. D. Pennsylvania.

January 9, 1975.

Attorney(s) appearing for the Case

Christopher K. Walters, Philadelphia, Pa., Berkey & Erickson, Bloomfield Hills, Mich., for plaintiffs.

Wilbur Greenberg, Paul R. Rosen, Philadelphia, Pa., for defendants.

MEMORANDUM

GORBEY, District Judge.

This action arises out of franchise agreements which were entered into between the plaintiffs and defendant, Adam Industries, Inc., for an automobile leasing franchise. Defendants have moved to dismiss on the grounds that the counts of the complaint based on violation of the federal securities law (i. e., counts 1 and 4) do not state cause of action under the federal securities laws.

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