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LAVERY v. KEARNS

Civ. No. 90-0028 P-C.

792 F.Supp. 847 (1992)

Linda M. LAVERY and Gerard D. Lavery, Plaintiffs, v. Mark A. KEARNS and First NH Banks, Defendants.

United States District Court, D. Maine.

April 30, 1992.

Attorney(s) appearing for the Case

Jeffrey Rosenblatt, Berman & Simmons, Lewiston, Me., for plaintiffs.

Mark A. Kearns, Wells, Me., for defendants.

Gregory A. Tselikis, Bernstein, Shur, Sawyer & Nelson, Portland, Me., for First NH Banks.

OPINION AND ORDER

GENE CARTER, Chief Judge.

Plaintiffs here seek recovery for losses they suffered after buying a condominium sold to them by Defendant Kearns and financed by Defendant First NH Banks. Plaintiffs have alleged violations of both federal and state securities laws, 15 U.S.C. § 77l(1) and (2); 15 U.S.C. § 78j(b); 17 C.F.R. § 240.10b-5; 32 M.R.S.A. § 10101 et seq.; N.H.Rev.Stat.Ann. § 421-B:1 et seq.;...

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