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WALSH v. BUTCHER & SHERRERD

Civ. A. No. 72-2525.

452 F.Supp. 80 (1978)

Katherine C. WALSH v. BUTCHER & SHERRERD.

United States District Court, E. D. Pennsylvania.

As Amended June 9, 1978.

Attorney(s) appearing for the Case

Richard A. Ash, Lyman & Ash, Philadelphia, Pa., for plaintiff.

Edward C. Mengel, Jr., White & Williams, Philadelphia, Pa., for defendant.

MEMORANDUM

JOSEPH S. LORD, III, Chief Judge.

This detritus of the massive securities litigation which followed the bankruptcy of the Penn Central Transportation Company in 1970 is an action under the Securities Exchange Act of 1934 against a brokerage firm whose employee recommended to the plaintiff the purchase of Penn Central Company common stock in the fall of 1968. The plaintiff alleges that the defendant made omissions and misrepresentations as to material...

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