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PENN MONT SECURITIES v. FRUCHER

Civil Action No. 05-CV-6686.

502 F.Supp.2d 443 (2007)

PENN MONT SECURITIES and its partners, Plaintiffs, v. Meyer S. FRUCHER, et al., Defendants.

United States District Court, E.D. Pennsylvania.

August 15, 2007.

Attorney(s) appearing for the Case

Lynanne B. Wescott, The Wescott Law Firm PC, Philadelphia, PA, for Plaintiffs.

Stephen J. Kastenberg, Paul Lantieri, III, Ballard Spahr Andrews & Ingersoll, Philadelphia, PA, for Defendants.

MEMORANDUM AND ORDER

ANITA B. BRODY, District Judge.

PennMont Securities ("PennMont") filed this putative class action against defendants Meyer "Sandy" Frucher, William N. Briggs, Norman Steisel, Kevin Michael Foley and Christopher Nagy ("defendants"), for violations of federal racketeering law and state tort law arising out of defendants' alleged mismanagement of the Philadelphia Stock Exchange ("PHLX" or "the Exchange") and demutualization of the...

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