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METROPOLITAN INTERN., INC. v. ALCO STANDARD CORP.

Civ. No. 85-1406.

657 F.Supp. 627 (1986)

METROPOLITAN INTERNATIONAL, INC.; Intermetro Industries Corp. and Richard Maslow, et al., Plaintiffs, v. ALCO STANDARD CORPORATION; Alco Foodservice Equipment Company; Ray B. Mundt and Thomas J. McCann, Jr., Defendants.

United States District Court, M.D. Pennsylvania.

May 15, 1986.

Attorney(s) appearing for the Case

Perry J. Shertz, John G. Whelley, Jr., Rosenn, Jenkins & Greenwald, Wilkes-Barre, Pa., for plaintiffs.

Charles A. Shea, III, Shea, Shea & Caputo, Wilkes Barre, Pa., Howard D. Scher, Montgomery, McCracken, Walker & Rhoads, Philadelphia, Pa., for defendants.

MEMORANDUM AND ORDER

NEALON, Chief Judge.

Plaintiffs filed this action pursuant to 28 U.S.C. § 1331 on September 24, 1985 asserting that defendants wrongfully terminated an agreement between the parties whereby Defendant Alco Standard was to purchase all of Metropolitan's stock. Plaintiffs allege violations of the federal securities laws, 15 U.S.C. §§ 78j, 77q(a), the Racketeer Influenced and Corrupt Organizations Act [RICO] and various state...

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