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COMMONWEALTH BANK & TRUST v. SPECTRUM LEASING

Civ. No. 87-1331.

719 F.Supp. 346 (1989)

COMMONWEALTH BANK & TRUST CO., Plaintiff, v. SPECTRUM LEASING CORPORATION, Defendant.

United States District Court, M.D. Pennsylvania.

August 1, 1989.

Attorney(s) appearing for the Case

Michael J. Devlin, Jr., James A. Willhite, Jr., Matthew A. Cartwright, and Montgomery, McCracken, Walker and Rhoads, Philadelphia, Pa., for plaintiff.

C. Edward S. Mitchell, Mitchell, Mitchell, Gray and Gallagher, Williamsport, Pa. and Michael C. Montavon, Montavon & Vanderpool, Fairfax, Va., for defendant.

OPINION

MUIR, District Judge.

I. Introduction.

On September 24, 1987, Commonwealth Bank & Trust Co., N.A. ("Commonwealth") filed a complaint against Spectrum Leasing Corporation ("Spectrum") and Baker, Watts & Co. ("Baker, Watts") alleging violations of federal and state securities laws and federal racketeering laws. The complaint also alleged common law claims of fraud and deceit, negligence, tortious conversion, and breach of contract...

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