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KAS v. FINANCIAL GENERAL BANKSHARES

Civ. A. No. 82-1996.

617 F.Supp. 288 (1985)

Irving KAS, Helen Sonenshine, Plaintiffs, v. FINANCIAL GENERAL BANKSHARES, INC., et al., Defendants.

United States District Court, District of Columbia.

June 26, 1985.

Attorney(s) appearing for the Case

Samuel P. Sporn, Schoengold & Sporn, New York City, Kevin R. McCarthy, Kornmeier, McCarthy, Lepon & Harris, Washington, D.C., for plaintiffs.

Robert A. Altman, Paul C. Warnke, J. Griffin Lesher, Robert P. Reznick, Clifford & Warnke, Washington, D.C., for defendants.

MEMORANDUM OPINION

NORMA HOLLOWAY JOHNSON, District Judge.

Plaintiffs, Irving Kas and Helen Sonenshine, bring this action for declaratory, injunctive, and monetary relief, alleging violations of the Securities and Exchange Act of 1934, common law fraud, and breach of fiduciary duty. The second amended complaint alleges four counts. The gravamen of plaintiffs' complaint is that defendants issued a false and misleading proxy statement which contained material...

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