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HILL v. DER

Civ. A. No. 80-146.

521 F.Supp. 1370 (1981)

John T. HILL, Descomp, Inc., Data Controls North, Inc., Virgil and Marie Scott, Thomas L. and Patricia A. Ruger, and James R. Stritzinger, Plaintiffs, v. Lee P. DER, Lee P. Der, Inc., Lancaster Court Associates, Lancaster Associates, Inc., Stuart Bittelman, Marvin E. Greenfield, Wilmington House Associates, Eagle Associates, Orgas, Ltd., David E. Karr, Martin E. Mason, Der-Mas, Inc., Lee Mar, Inc., Roger W. Ball, Alma Coal Enterprises, Limited, and, D & S Financial, Inc., Defendants.

United States District Court, D. Delaware.

September 17, 1981.

Attorney(s) appearing for the Case

Harvey S. Kronfeld, Philadelphia, Pa., and Rawle & Henderson, Philadelphia, Pa., of counsel, for plaintiffs.

Robert C. Lefton, Wilmington, Del., Morton S. Taubman, Tom M. Schaumberg and Leslie Glick of Plaia, Schaumberg & Taubman, Chartered, Washington, D.C., Lionel E. Pashkoff of Danzansky, Dickey, Tydings, Quint & Gordon, Washington, D.C., of counsel, for defendants Lee P. Der, Lee P. Der, Inc., Wilmington House Associates, Eagle Associates, Orgas, Ltd., David E. Karr, Martin Mason, Der-Mas, Inc., Lee Mar, Inc., Roger W. Ball, Alma Coal Enterprises, Ltd., and D & S Financial, Inc.

David A. Drexler, Wilmington, Del., for defendants Lancaster Court Associates, Lancaster Associates, Inc., Stuart Bittelman and Marvin Greenfield.

OPINION

LATCHUM, Chief Judge.

This complex action, involving multiple parties, alleges violations of the Securities Act of 1933 ("Securities Act"), the Securities Exchange Act of 1934 ("Exchange Act"), and regulations of the Securities and Exchange Commission promulgated thereunder. In addition, plaintiffs allege various state claims under the laws of Delaware and Maryland. The complaint contains twenty-four counts, each of which purports to state a separate...

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