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NUTIS v. PENN MERCHANDISING CORP.

Civ. A. No. 83-5708.

615 F.Supp. 486 (1985)

Frank R. NUTIS, et al., v. PENN MERCHANDISING CORP., et al.

United States District Court, E.D. Pennsylvania.

August 15, 1985.

Attorney(s) appearing for the Case

David L. Braverman, Fellheimer, Eichen & Goodman, Philadelphia, Pa., for plaintiffs.

Stuart H. Savett, Kohn, Savett, Marion & Graf, Philadelphia, Pa., for defendants.

OPINION

LUONGO, Chief Judge.

Plaintiffs, minority shareholders of Penn Merchandising Corporation ("Old Penn"), brought this federal securities action against certain officers, directors and controlling shareholders of Old Penn. In an Opinion and Order filed June 18, 1985 I dismissed plaintiffs' amended complaint for failure to state a cause of action. Plaintiffs have now moved for partial reconsideration and...

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