Securities and Exchange Commission (SEC) brought action against company president for securities fraud in relation to his alleged scheme to materially overstate company's revenue and earnings in order to secure increased personal line of credit. On defendant's motion to dismiss or for more definite statement, the District Court, Lazzara, J., held that: (1) SEC pled fraud with sufficient specificity and particularity; (2) SEC sufficiently pled scienter; and (3) pledge of stock that had been misvalued
Antitrust action. Additional parties were added by order of the court, 58 F.R.D. 108. On the additional parties' motion to make plaintiffs' second amended complaint more definite and certain, the District Court, Myron L. Gordon, J., held that allegations of plaintiffs' second amended complaint concerning additional defendants' part in alleged conspiracy to monopolize a significant portion of the commercial rental market in downtown Milwaukee, Wisconsin, were not so vague or ambiguous or did not contain
Class action brought by named members of independent union on behalf of themselves and others similarly situated against named defendants as representatives of international union, an unincorporated labor organization, for injuries allegedly sustained as result of unlawful conspiracy and for malicious interference by International with employment of members of plaintiff class, wherein defendants moved for dismissal, for change of venue, to strike plaintiffs' demand for trial by jury, and for a more