Summary
In Wassel v. Eglowsky, 542 F.2d 1235 (4th Cir.1976) (affirming, 399 F.Supp. 1330, 1370 (D.Md.1975)), overruled on other grounds,Baker, Watts & Co. v. Miles & Stockbridge, 876 F.2d 1101 (4th Cir.1989), for example, the district court lumped two of the three potentially liable parties together, resulting in a 50-50 credit.
Summary of this case from South Carolina Nat. Bank v. StoneOpinion
No. 75-2123.
Argued October 5, 1976.
Decided October 19, 1976.
Edward M. Eglowsky (Stephen H. Stillerman, on brief), pro se.
Francis S. Brocato, Baltimore, Md., for appellees Bernard V. and Sevy Wassel.
Robert B. Haldeman, Baltimore, Md. (Cleaveland D. Miller, Semmes, Bowen Semmes, Baltimore, Md., on brief), for appellee Central Trust Co.
Arnold Goldman, pro se.
Appeal from the United States District Court for the District of Maryland.
Before WINTER and CRAVEN, Circuit Judges, and FIELD, Senior Circuit Judge.
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. § 77 l(1) (selling unregistered securities).
Defendants Eglowsky and Stillerman 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.