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PERELMAN v. PA. REAL ESTATE INV. TRUST

Civ. A. No. 74-1413.

432 F.Supp. 1298 (1977)

Raymond G. PERELMAN v. The PENNSYLVANIA REAL ESTATE INVESTMENT TRUST et al.

United States District Court, E. D. Pennsylvania.

June 15, 1977.

Attorney(s) appearing for the Case

Arlen Specter, Robert C. Heim, of Dechert, Price & Rhoads, Philadelphia, Pa., for plaintiff.

Thomas A. Masterson, Joseph A. Torregrossa, of Morgan, Lewis & Bockius, Philadelphia, Pa., for defendants Cohen, Orleans, Kravitz, Bechtel, Bergman, Farber & Korman.

Patrick W. Kittredge, of Cohen, Shapiro, Polisher, Shiekman & Cohen, Philadelphia, Pa., for defendant Pa. Real Estate Inv. Trust.

Steven A. Arbittier, Philadelphia, Pa., for defendants FPA, M. A. Kravitz Co., Inc. and Mid-Island.

OPINION

GORBEY, District Judge.

In this derivative action filed by plaintiff on June 6, 1974, on behalf of The Pennsylvania Real Estate Investment Trust ("PREIT") and its holders of Certificates of Beneficial Interest, plaintiff contends that defendants violated the federal securities laws and state law with respect to two transactions. The corporate defendants are FPA Corporation, of which the defendant Marvin Orleans is Chairman of the Board and President...

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