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PAUL v. BERKMAN

Civ. A. No. 85-0326.

620 F.Supp. 638 (1985)

Robert A. PAUL, as custodian and trustee for Laurence E. Paul, Stephen E. Paul and Karen R. Paul; Marshall L. Berkman, as custodian and trustee for Laura G. Berkman, Ellen F. Berkman and Martha L. Berkman; Donna B. Paul: the Louis Berkman Company; the Louis and Sandra Berkman Foundation; and the M & I Marshall and Ilsley Bank, as trustee for the Louis Berkman Company Pension Trust, Plaintiffs, v. Jack N. BERKMAN, Myles P. Berkman and Associated Communications Corporation, Defendants.

United States District Court, W.D. Pennsylvania.

October 29, 1985.

Attorney(s) appearing for the Case

Martin Flumenbaum, New York City, Pamela A. McCallum, Pittsburgh, Pa., for plaintiffs.

E.J. Strassburger, Pittsburgh, Pa., Bruce W. Kauffman, Philadelphia, Pa., William H. Mulligan, New York City, for defendants.

OPINION

ZIEGLER, District Judge.

This court is called upon to resolve an intrafamily dispute arising from the sale of 1,018,540 shares of Associated Communications Corporation (ACC) stock. Plaintiffs, members of the Louis Berkman family, argue that defendants, members of the Jack Berkman family, induced the sale by making fraudulent representations and omissions in violation of state law and Section 10(b) of the Securities Exchange Act of 1934 and regulations...

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