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DESIGN TIME v. SYNTHETIC DIAMOND TECHNOLOGY

No. S86-519.

674 F.Supp. 1564 (1987)

DESIGN TIME, INC., et al., Plaintiffs, v. SYNTHETIC DIAMOND TECHNOLOGY, INC., et al., Defendants.

United States District Court, N.D. Indiana, South Bend Division.

October 13, 1987.

Attorney(s) appearing for the Case

Timothy W. Woods, South Bend, Ind., for plaintiffs.

James H. Ham, III, Timothy J. Haffner, Fort Wayne, Ind., Theodore R. Boehm, Indianapolis, Ind., for Raffensperger, Hughes & Co., Farron and Stscherban.

E. Spencer Walton, Jr., South Bend, Ind., for Indiana Nat. Bank of Indianapolis.

Lee B. McTurnan, Harry F. Todd, Indianapolis, Ind., Thomas H. Singer, South Bend, Ind., for Barnes & Thornburg.

MEMORANDUM AND ORDER

MILLER, District Judge.

This cause comes before the court on motions to dismiss for failure to state a claim upon which relief can be granted. Fed.R.Civ.P. 12(b)(6). The plaintiffs' amended complaint attempts to state claims of securities fraud and RICO violations by Synthetic Diamond Technology, Inc., which has been defaulted, and five other defendants, who seek dismissal. For the reasons that follow, the court finds that the dismissal...

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