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DIATRONICS, INC. v. ELBIT COMPUTERS, LTD.

No. 85 Civ. 1147 (CHT).

649 F.Supp. 122 (1986)

DIATRONICS, INC., Plaintiff, v. ELBIT COMPUTERS, LTD., Advanced Technology Center, Defendant.

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

July 16, 1986.

Attorney(s) appearing for the Case

Gold & Wachtel, New York City, for plaintiff; Robert Gold, William B. Wachtel, Steven J. Cohen, Joel M. Mitnick, of counsel.

Reavis & McGrath, New York City, for defendant; Stephen R. Steinberg, Kimberlee S. Bogen, Gideon Shalkovsky, I. Amihud Ben-Porath, Elizabeth S. Pagel, Charles Malek, of counsel.

TENNEY, District Judge.

The plaintiff in this action, Diatronics, Inc. ("Diatronics"), contends that the defendant, Elbit Computers, Ltd. ("Elbit"), violated Section 10(b) ("§ 10(b)") of the Securities Exchange Act of 1934 ("Exchange Act"), 15 U.S.C. § 78j, by making certain misrepresentations in connection with the purchase of stock. In addition, the complaint sets forth claims under state law and Israeli law for common law fraud and breach of contract...

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