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ENTERRA CORP. v. SGS ASSOCIATES

Civ. A. Nos. 84-2174, 84-4050.

600 F.Supp. 678 (1985)

ENTERRA CORPORATION, et al. v. SGS ASSOCIATES, et al. Grace WALLEN, et al. v. James M. BALLENGEE, et al.

United States District Court, E.D. Pennsylvania.

January 9, 1985.

Attorney(s) appearing for the Case

Gregory M. Harvey, Marc J. Sonnenfeld, David R. King, Kell M. Damsgaard, Elizabeth L. Hoop, Morgan, Lewis & Bockius, Philadelphia, Pa., for Enterra.

Irving R. Segal, Peter S. Greenberg, Robert T. Vance, Jr., Schnader, Harrison, Segal & Lewis, Philadelphia, Pa., and Herman Sassower, Bell, Kalnick, Beckman, Klee & Green, New York City, for SGS Associates.

Stuart H. Savett, Barbara A. Podell, Kohn, Savett, Marion & Graff, P.C., Philadelphia, Pa., for Grace Wallen; Joseph Weiss, New York City, of counsel.

Gregory M. Harvey, Marc J. Sonnenfeld, Morgan, Lewis & Bockius, David R. King, Kell M. Damsgaard, Philadelphia, Pa., for James M. Ballengee.

MEMORANDUM

RAYMOND J. BRODERICK, District Judge.

The above captioned cases are two related securities actions which arise from an unusual set of factual circumstances and which present some rather novel legal issues. The amended complaint in the Enterra case (Civil Action No. 84-2174) alleges, inter alia, that the defendant partnership SGS Associates and its individual partners (herein collectively referred to as SGS), which is Enterra Corporation...

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