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HAFT v. EASTLAND FINANCIAL CORP.

Civ. A. No. 90-0302P.

772 F.Supp. 1315 (1991)

Marshall HAFT, Plaintiff, v. EASTLAND FINANCIAL CORP. and Herbert L. Miller, Defendants.

United States District Court, D. Rhode Island.

August 28, 1991.

Attorney(s) appearing for the Case

Sandra Blanding, Warwick, R.I., Mark Levine, Melissa R. Emert, Jules Brody, New York City, for plaintiff.

William Grimm, Hinckely, Allen, Snyder & Comen, Providence, R.I., for defendants.

MEMORANDUM AND ORDER

PETTINE, Senior District Judge.

This case is before me essentially to determine whether the defendants are the perpetrators of a scheme to defraud the public in violation of the Securities Exchange Act of 1934, § 10(b) or whether the defendants are, along with the plaintiff, merely victims — casualties of this region's recent economic downturn. See, e.g., DiLeo v. Ernst & Young, 901 F.2d 624

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