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SCHWARTZ v. NCNB CORP.

No. C-C-90-343-MU.

768 F.Supp. 164 (1991)

Albert SCHWARTZ and Phyllis Schwartz on behalf of themselves and all others similarly situated, Plaintiffs, v. NCNB CORP., Hugh L. McColl, Jr., James H. Hance, Jr., Marc D. Oken, H.L. Culbreath, James W. Thompson and Robert H. Spilman, Defendants.

United States District Court, W.D. North Carolina, Charlotte Division.

March 28, 1991.

Attorney(s) appearing for the Case

J. Mitchell Aberman, James McElroy & Diehl, Charlotte, N.C., Stanley R. Wolfe, Berger & Montague, P.C., Mark R. Rosen, Mesirov Gelman Jaffe Cramer & Jamieson, Philadelphia, Pa., Abbey & Ellis, New York City, for plaintiffs.

E. Osborne Ayscue, Jr., Bradley R. Kutrow, Smith Helms Mulliss & Moore, Charlotte, N.C., Warren R. Stern, Wachtell Lipton Rosen & Katz, New York City, for defendants.

ORDER

MULLEN, District Judge.

This case was brought by Albert and Phyllis Schwartz against North Carolina National Bank Corporation (NCNB), Hugh L. McColl, Jr., James H. Hance, Jr., Marc D. Oken, H.L. Culbreath, James W. Thompson and Robert H. Spilman, alleging in count one violations of Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78a, et seq. and Rule 10b-5 of the SEC. Count two alleges a violation of the common law of...

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