U.S. Court of Appeals for the Fourth Circuit, 1976

Bernard v. Wassel and Sevy Wassel, His Wife v. Edward M. Eglowsky, Stephen H. Stillerman v. Arnold Goldman, and Central Trust Company

Bernard v. Wassel and Sevy Wassel, His Wife v. Edward M. Eglowsky, Stephen H. Stillerman v. Arnold Goldman, and Central Trust Company
U.S. Court of Appeals for the Fourth Circuit · Decided October 19, 1976 · Winter, Craven, Field
542 F.2d 1235; 1976 U.S. App. LEXIS 6612 (Federal Reporter, Second Series)

Bernard v. Wassel and Sevy Wassel, His Wife v. Edward M. Eglowsky, Stephen H. Stillerman v. Arnold Goldman, and Central Trust Company

Opinion

PER CURIAM:

In an exhaustive opinion, the district judge granted judgment to plaintiffs Bernard V. Wassel and Sevy Wassel against defendants Edward M. Eglowsky and Stephen H. Stillerman, and he gave Eglowsky and Stillerman judgment for contribution against Arnold Goldman, a third-party defendant, exonerating Central Trust Company, another third-party defendant. Wassel v. Eglowsky, 399 F.Supp. 1330 (D.Md. 1975). Plaintiffs’ recovery was grounded upon defendants’ violation of § 12(1) of the Securities Act of 1933, 15 U.S.C. § 777(1) (selling unregistered securities).

Defendants Eglowsky and Stiller-man appeal, assigning numerous grounds for reversal. We find none of them meritorious, and we affirm on the opinion of the district court, adopting it as our own with regard to the violation of § 12(1) of the Act and defendants’ right to contribution from Goldman.

AFFIRMED.

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