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STUTSMAN v. PATTERSON

No. 77-3356-WMB.

457 F.Supp. 189 (1978)

B. G. STUTSMAN et al., Plaintiffs, v. Joseph C. PATTERSON, Louis S. Goldman, Blood Pressure Monitors, a corporation, Fiscal Concepts Incorporated, Trak Inc., a corporation, Bank of Newport, a California Banking Corporation, Defendants. BANK OF NEWPORT, a California Banking Corporation, Counter-claimant, v. Dr. Robert A. HONKOLA, an Individual, Dr. Richard H. Fettig, an Individual, Dr. Ralph G. Honkola, an Individual, and the First National Bank and Trust Company of Bismarck, a North Dakota Corporation, Counter-defendants.

United States District Court, C. D. California.

August 14, 1978.

Attorney(s) appearing for the Case

Jerome Zamos, Santa Barbara, Cal., for plaintiffs.

Wm. C. Starrett, II, Marvin Neben, Anaheim, Cal., Frank G. Ker, Cynthia C. LeBow, Robert A. Schlacter, Schwartz, Alschuler & Grossman, Los Angeles, Cal., for defendants.

MEMORANDUM ORDER

WM. MATTHEW BYRNE, Jr., District Judge.

The original class action complaint alleges a violation of the federal securities laws and common law misrepresentation arising out of a scheme to market certain "distributorships" of coin-operated blood pressure testing machines. Several defendants are named, including Blood Pressure Monitors, a Corporation [hereinafter "BPM"], Fiscal Concepts Incorporated [hereinafter "FCI"], and the Bank of Newport...

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