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FICKINGER v. C.I. PLANNING CORP.

Civ. A. No. 81-0951.

646 F.Supp. 622 (1986)

Charles FICKINGER on behalf of himself and others similarly situated v. C.I. PLANNING CORPORATION and City Investing Company.

United States District Court, E.D. Pennsylvania.

June 4, 1986.

Attorney(s) appearing for the Case

Eugene Spector, Gross & Sklar, P.C., Philadelphia, Pa., for plaintiff.

Jayne S. Robinson, Davis, Polk & Wardell, New York City, for defendant.

MEMORANDUM and ORDER

SHAPIRO, District Judge.

I. Facts and Procedural History

Plaintiff, on behalf of a class of selling shareholders, brought this action alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78j(b) and 78t(a) (the "Act"), and Pennsylvania common law, to recover damages for misrepresentations depreciating the financial condition of C.I. Realty Investors, a real estate...

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