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PHILLIPS v. TPC COMMUNICATIONS, INC.

Civ. A. No. 81-762.

532 F.Supp. 696 (1982)

John R. PHILLIPS, Plaintiff, v. TPC COMMUNICATIONS, INC., a corporation, Defendant.

United States District Court, W. D. Pennsylvania.

February 11, 1982.

Attorney(s) appearing for the Case

J. Jerome Mansmann, Mansmann, Cindrich & Huber, Pittsburgh, Pa., for plaintiff.

Alan Z. Lefkowitz, Kaplan, Finkel, Lefkowitz & Ostrow, Pittsburgh, Pa., for defendant.

MEMORANDUM OPINION AND ORDER

TEITELBAUM, District Judge.

John R. Phillips brought this action against TPC Communications, Inc. (TPC) for damages alleging TPC's failure to file required reports with the Securities and Exchange Commission (SEC) barred his sale of restricted securities at an advantageous price. Jurisdiction is based on Section 27 of the Securities Exchange Act of 1934 (1934 Act), 15 U.S.C. § 78aa, which grants the district courts exclusive...

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