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GOUGER v. BEAR, STEARNS & CO., INC.

Civ. A. No. 92-7455.

823 F.Supp. 282 (1993)

Dale B. GOUGER & Carol Ann Gouger v. BEAR, STEARNS & CO., INC. & Ronald Diamond.

United States District Court, E.D. Pennsylvania.

May 24, 1993.

Attorney(s) appearing for the Case

Joseph P. Green, Jr., Duffy & Green, West Chester, PA, for plaintiffs.

Francine Friedman Griesing, Jay A. Dubow, Wolf, Block, Schorr and Solis-Cohen, Philadelphia, PA, for defendants.

MEMORANDUM

CAHN, Chief Judge.

The plaintiffs, Dale B. Gouger and Carol Ann Gouger ["the Gougers"], initiated this suit against defendants Bear, Stearns & Co., Inc. ["Bear, Stearns"] and Ronald Diamond ["Diamond"]. Bear, Stearns is a registered securities broker-dealer and Diamond is one of its licensed brokers. The Gougers, who had opened an account at Bear, Stearns, claim that they sustained losses as a result of its improvident and excessive investments...

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