District Court, E.D. Pennsylvania October 16, 1975, Civ. A. No. 70-2936 (Jamison v. Butcher & Sherrerd)

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United States · · · 16-10-1975

MEMORANDUM

JOSEPH S. LORD, III, Chief Judge.

In this class action, plaintiffs seek recompense for the substantial losses suffered in, the sudden depreciation of value *481of Penn Central Company securities in the spring of 1970. Defendant Butcher & Sherrerd is a stockbroker-dealer; defendant Howard Butcher, III is a partner of Butcher & Sherrerd.

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