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The sale of stock alone is not enough to establish venue in Philadelphia, a Pennsylvania judge has ruled. Under state statute, a suit can be brought in the county where a "transaction or occurrence took place out of which the cause of action arose." But the court held that because neither the plaintiff nor the defendant lived in Philadelphia County, the sale of stock alone couldn't establish venue.
October 15, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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