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BANCOL Y CIA. S. EN. C. v. BANCOLOMBIA S.A.

No. 99 Civ. 2216(JSR).

61 F.Supp.2d 1 (1999)

BANCOL Y CIA. S. EN C., et al., Plaintiffs, v. BANCOLOMBIA S.A., et al., Defendants.

United States District Court, S.D. New York.

Order Vacating Judgment and Issuing Stay September 28, 1999.

Attorney(s) appearing for the Case

Dale A. Schreiber and Elise A. Vablorski, New York City, for plaintiff.

Joseph E. Neuhans, New York City, for defendant.

MEMORANDUM ORDER

RAKOFF, District Judge.

On March 24, 1999, plaintiffs Bancol Y Cia S. En C. ("Bancol") and certain successors in interest commenced this suit against defendants BanColombia S.A. and several of its officers and directors, alleging securities fraud in violation of sections 10(b), 18(a), and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78j(b), 78r(a), and 78t(a), and SEC Rule 10b-5, 17 C.F.R. § 240.10b-5...

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