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ROTHBERG v. ROSENBLOOM

Civ. A. No. 83-2387.

628 F.Supp. 746 (1986)

Benjamin ROTHBERG v. Sanford M. ROSENBLOOM and Sanford M. Rosenbloom as Executor of the Estate of David B. Rosenbloom, Deceased.

United States District Court, E.D. Pennsylvania.

February 14, 1986.

Attorney(s) appearing for the Case

Stewart Dalzell, Alfred W. Putnam, Jr., Fred Greenberg, Drinker Biddle & Reath, Philadelphia, Pa., for plaintiff.

Tom P. Monteverde, Jean C. Hemphill, Monteverde, Hemphill, Maschmeyer & Obert, Philadelphia, Pa., for defendant.

MEMORANDUM

KATZ, District Judge.

In this case the financier of crooked insider trading deals seeks to recover his losses. I find him barred by illegality. I reject his attempt to turn on its head a recent decision of the Supreme Court of the United States which allows disappointed tippees to blow the whistle on their tippers. In this case, I allow the touts to blow the whistle on the financiers of insider trading in "hot issues" of stock. I leave these co...

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