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DEANE v. THOMSON McKINNON SECURITIES, INC.

Civ. A. No. 83-1114.

586 F.Supp. 44 (1984)

Jack DEANE, et al., Plaintiffs, v. THOMSON McKINNON SECURITIES, INC., et al., Defendants.

United States District Court, District of Columbia.

April 30, 1984.

Attorney(s) appearing for the Case

A. Fred Freedman, Washington, D.C., for plaintiffs.

Steven M. Levine, Wilson, Elser, Edelman & Dicker, Washington, D.C., for Thomson McKinnon Securities.

Jerold Oshinsky, Robert H. Shulman, Anderson, Baker, Kill & Olick, Washington, D.C., for New Orleans Hosp. Corp.

William E. Hegarty, Charles A. Gilman, Richard I. Miller, Cahill, Gordon & Reindel, Washington, D.C., for Peat, Marwick, Mitchell & Co.

MEMORANDUM OPINION

BARRINGTON D. PARKER, District Judge:

On April 18, 1983, Jack Deane and Joseph Deane filed a complaint on behalf of themselves and others similarly situated charging the defendants with violations of the federal securities laws — the Securities Act of 1933 and the Securities Exchange Act of 1934. Named as defendants were Thomson McKinnon Securities, Inc. ("McKinnon"), a registered broker-dealer; Peat, Marwick, Mitchell & Co...

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