District Court, E.D. Pennsylvania June 4, 1986, Civ. A. 81-0951 (Fickinger v. C.I. Planning Corp.)

MEMORANDUM and ORDER

SHAPIRO, District Judge.

I.

Facts and Procedural History

Plaintiff, on behalf of a class of selling shareholders, brought this action alleging violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78j(b) and 78t(a) (the “Act”), and Pennsylvania common law, to recover damages for misrepresentations depreciating the financial condition of C.