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PRIME MOVER CAPITAL PARTNERS v. ELIXIR GAMING

No. 10 Civ. 2737(LAK).

793 F.Supp.2d 651 (2011)

PRIME MOVER CAPITAL PARTNERS L.P., et al., Plaintiffs, v. ELIXIR GAMING TECHNOLOGIES, INC., et al., Defendants.

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

June 22, 2011.

Attorney(s) appearing for the Case

Daniel A. Osborn , Osborn Law, P.C., for Plaintiffs.

Paul R. Bessette , Michael A. Piazza , Jesse Z. Weiss , Greenberg Traurig LLP, for Defendant Elixir Gaming Technologies, Inc. and the Individual Defendants.

David J. Schindler , Robert W. Perrin , Matthew L. Kutcher , Cameron Smith , Latham & Watkins LLP, for Defendant Elixir Group Limited.

MEMORANDUM OPINION

LEWIS A. KAPLAN, District Judge.

This is an action by several U.S. hedge funds for damages under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act")1 and Rule 10b-5 thereunder,23 as well as on common law theories, for damages in connection with their purchases of shares in Elixir Gaming Technologies, Inc. ("EGT"). Plaintiffs...

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