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DIRECTION ASSOC., INC. v. PROGRAMMING & SYSTEMS, INC.

No. 73 Civil 4768.

412 F.Supp. 714 (1976)

DIRECTION ASSOCIATES, INC., et al., Plaintiffs, v. PROGRAMMING AND SYSTEMS, INC. and Irwin Mautner, Defendants.

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

March 23, 1976.

Attorney(s) appearing for the Case

Leonard S. Sandweiss, New York City, for plaintiffs.

Tanner & Friedman, P. C., New York City, for defendants; Arthur S. Friedman, Peter F. Gass, New York City, of counsel.

FINDINGS OF FACT AND CONCLUSIONS OF LAW

EDWARD WEINFELD, District Judge.

What was commenced as, and should have remained, a simple action for breach of contract, by the time of trial burgeoned to one that included as many securities act claims as the ingenuity of counsel could develop. With one exception—the charge of sale of unregistered stock — these additional claims were advanced for the first time on the eve of the expiration of the statute...

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