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SALGADO v. PIEDMONT CAPITAL CORP.

Civ. No. 77-826.

534 F.Supp. 938 (1981)

Victor Valles SALGADO, et al., Plaintiffs, v. PIEDMONT CAPITAL CORPORATION, et al., Defendants.

United States District Court, D. Puerto Rico.

December 30, 1981.

Attorney(s) appearing for the Case

Harvey B. Nachman, Eduardo Morales Coll, Santurce, P. R., for plaintiffs.

Woods & Woods, Santurce, P. R., Robert N. Baker, Baker & Quinn, Los Angeles, Cal., Rafael Perez Bachs, McConnell, Valdes, Kelley, Sifre, Griggs & Ruiz Suria, San Juan, P. R., O'Neill & Borges, Hato Rey, P. R., for defendants.

OPINION AND ORDER

PEREZ-GIMENEZ, District Judge.

Plaintiffs seek to maintain this action both in their individual capacities and on behalf of a putative class under F.R.C.P. 23 for alleged fraud in connection with the sale of an investment program by defendants. Defendants move for summary judgment on the grounds that the plaintiffs' federal securities law claims and certain commonwealth claims are barred by the applicable statutes of limitation.

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