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WALSH v. CHITTENDEN CORP.

No. 2:91-CV-208.

798 F.Supp. 1043 (1992)

David WALSH, on behalf of himself and all others similarly situated, Plaintiff, v. CHITTENDEN CORPORATION, William H. Bruett, Jr. and Richard M. Chapman, Defendants.

United States District Court, D. Vermont.

June 25, 1992.

Attorney(s) appearing for the Case

L. Randolph Amis, III, Wiener & Amis, Burlington, Vt., Dennis J. Johnson, Susan Schneider Thomas, Zlotnick & Thomas, Bala Cynwyd, Pa., for plaintiff.

Michael B. Clapp, Dinse, Erdmann & Clapp, Burlington, Vt., I. Scott Bieler, Roger Hawke, Brown & Wood, New York City, for defendants.

OPINION AND ORDER

PARKER, Chief Judge.

Plaintiff filed this class action complaint on behalf of all persons who purchased common stock of Chittenden Corporation ("Chittenden" or "bank") from March 29, 1989 through August 15, 1990, claiming that Chittenden and two individuals alleged to be "controlling persons" of the bank committed fraud in violation of §§ 10(b) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), 78t(a),...

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