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TORRES v. BORZELLECA

Civ. A. No. 84-1614.

641 F.Supp. 542 (1986)

Adolfo G. TORRES v. Hazel BORZELLECA and Professional Management Consulting v. Gerald D. GALLOP, The Gallop Group, Inc., Robert A. Freeman, individually and as General Partner of RGH, Ltd., LPC, Ltd., and AGI, Ltd. and David Dworsky, individually and as General Partner of RGH, Ltd. and AGI, Ltd.

United States District Court, E.D. Pennsylvania.

August 7, 1986.

Attorney(s) appearing for the Case

Lowell F. Raeder, Philadelphia, Pa., for plaintiff.

Richard M. Jordan, Philadelphia, Pa., for Borzelleca & Professional Management Consulting.

Robert G. Hanna, Jr., Philadelphia, Pa., for Gerald D. Gallop, The Gallop Group, Inc.

MEMORANDUM

RAYMOND J. BRODERICK, District Judge.

The plaintiff, Adolfo G. Torres, M.D., a Maryland citizen, brought this action against Hazel Borzelleca, a Pennsylvania citizen, who is a management consultant. In Count I, Dr. Torres alleges that Borzelleca violated section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) and Rule 10b-5, 17 C.F.R. § 240.10b-5, by falsely and misleadingly stating that certain investment programs offered...

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