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INVESTORS EQUITY v. ROSENKRANTZ LYON & ROSS

No. 5:90-CV-43.

822 F.Supp. 436 (1993)

INVESTORS EQUITY GROUP, a Michigan corporation, Plaintiff, v. ROSENKRANTZ LYON & ROSS, INC., a foreign corporation, Kamal Hughes, Universal Symetrics Corporation, a foreign corporation, Juris Mednis and Leslie Wicks, jointly and severally, Defendants.

United States District Court, W.D. Michigan, S.D.

May 18, 1993.

Attorney(s) appearing for the Case

Michael H. Perry, Iris K. Socolofsky, Fraser, Trebilcock, Davis & Foster, PC, Lansing, MI, for plaintiff.

Phillip J. Neuman, Jacob & Weingarten, PC, Troy, MI, Scott K. Nigro, Feinberg, Felzen & Nigro, New York City, Jerome F. Rock, Grosse Pointe, MI, for defendants.

OPINION

QUIST, District Judge.

Plaintiff Investors Equity Group, Inc. (IEG) filed this action seeking rescission of the sale of certain securities plaintiff purchased from the defendant Rosenkrantz, Lyon & Ross. This Court conducted a bench trial on February 9 and 10, 1993. On April 22, 1993, this Court issued an Opinion denying the plaintiff's claim for recovery. IEG filed a timely motion under Fed.R.Civ.P. 52(b) requesting this Court to Amend...

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