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SHERIDAN v. WEINBERGER

No. 3:CV-87-0955.

767 F.Supp. 92 (1991)

Thomas E. SHERIDAN, Wanda Sheridan, Thomas E.S. Sheridan and Miriam V. Olson, Plaintiffs, v. Gilbert WEINBERGER, Robert Romich, Patricia Romich, First Eastern Bank, N.A., First Eastern Corporation, John and/or Jane Doe and Doe Corporation, Defendants.

United States District Court, M.D. Pennsylvania.

June 26, 1991.

Attorney(s) appearing for the Case

Stephen W. Miller, Edward C. Toole, Jr., Andrew J. Walko, Clark, Ladner, Fortenbaugh & Young, Philadelphia, Pa., for plaintiffs.

James G. Wiles, Steven M. Schain, Wayne, Pa., for defendants Gilbert Weinberger and Robert and Patricia Romich.

Robert C. Heim, Jennifer M. Anderson, Jeffrey W. Soderberg, Dechert Price & Rhoads, Philadelphia, Pa., for defendants First Eastern Bank, N.A. and First Eastern Corp.

MEMORANDUM

McCLURE, District Judge.

I. BACKGROUND

Plaintiffs commenced this action on July 10, 1987. On January 21, 1988, plaintiffs filed a second amended complaint alleging securities fraud, RICO (Racketeer Influenced and Corrupt Organizations Act) violations and a violation of the Pennsylvania Banking Code. On November 13, 1990, all of the defendants filed motions for summary judgment.

This action arises out of the purchase of shares...

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