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PROSPECT PURCHASING CO. v. WEBER, LIPSHIE & CO.

Civ. A. No. 85-4279.

694 F.Supp. 1149 (1988)

PROSPECT PURCHASING CO., INC., Plaintiff, v. WEBER, LIPSHIE & CO., Defendant. WEBER, LIPSHIE & CO., Third-Party Plaintiff, v. PROSPECT INDUSTRIES CORP., Third-Party Defendant.

United States District Court, D. New Jersey.

September 8, 1988.

Attorney(s) appearing for the Case

Brenner, Saltzman, Wallman & Goldman by David R. Schaefer, John H. Beers, New Haven, Conn., for plaintiff.

Townley & Updike by James P. O'Neill, David O. Simon, New York City, for defendant/third-party plaintiff.

SUPERCEDING SUPPLEMENTAL OPINION

WOLIN, District Judge.

This opinion supplements and modifies this Court's opinion delivered on the record following oral argument for defendant's motion to dismiss on July 25, 1988. The issue facing the Court is whether plaintiff's federal securities claims brought pursuant to section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), and Rule 10b-5 promulgated thereunder by the Securities and Exchange...

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