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HOFFMAN ELEC., INC. v. EMERSON ELEC. CO.

Civ. A. No. 90-72E.

754 F.Supp. 1070 (1991)

HOFFMAN ELECTRIC, INC., Lawrence R. Musselman & Georgiana R. Musselman, as Co-Trustees of the Lawrence R. Musselman and Georgiana R. Musselman Trust, and Walter Winius, Jr., on Behalf of Themselves and All Others Similarly Situated, Plaintiffs, v. EMERSON ELECTRIC COMPANY, a foreign corporation, Load Management Development Corporation, a foreign corporation and Harold F. Faught, Defendants.

United States District Court, W.D. Pennsylvania.

January 15, 1991.

Attorney(s) appearing for the Case

Philip B. Friedman, Ambrose & Friedman, Erie, Pa. and David F. Dobbins, Patterson, Delknap, Webb & Tyler, New York City, for plaintiffs.

Edwin L. Klett, Klett Lieber Rooney & Schorling, Pittsburgh, Pa. and John Michael Clear, Bryan, Cave, McPheeters & McRoberts, St. Louis, Mo., for defendants.

OPINION

COHILL, Chief Judge.

Plaintiffs, investors in a limited partnership known as Emerson Research Partners L.P. ("ERP"), brought this class action against Emerson Electric Co. ("Emerson"), Load Management Development Corporation ("LMDC"), and Harold F. Faught, arising from Emerson's purchase of the assets of ERP. The complaint alleges violations of Section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act"), 15 U.S.C. § 78j(b), and Rule...

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