Anthony LAZZARO, individually and as custodian for his children, Anthony R. Lazzaro, Denise Lazzaro, Christopher Lazzaro, Mark Lazzaro, James Lazzaro, and Marilyn Lazzaro; Marilyn A. Lazzaro; Let's Make a Deal Auto Inc.; Lazzaro Investing Corp.; Lazzaro Auto Sales, Inc.; Richard Keating, Nicholas Fiumano; Frank Spinelli; Michael Riegel; and Irene Riegel, on behalf of themselves and all persons similarly situated, Plaintiffs,
v.
Abraham MANBER; Solomon Manber; Douglas Bremen & Co., Inc.; Berine Enterprises, Ltd.; Sherman Fitzpatrick & Co., Inc.; Individual's Securities, Ltd.; Max Levine; Gary Purcell; Louis Cattaruzza; Ada DeFelippo; Gig Friedman; Walter Reed; Albert Lerner; and Steven F. Miller, Jr., Defendants.
United States District Court, E.D. New York.https://leagle.com/images/logo.png
June 30, 1988.
June 30, 1988.
Attorney(s) appearing for the Case
Snitow & Pauley, New York City by William H. Pauley, III, Charles D. Cunningham, for plaintiffs.
Parker, Chapin, Flattau & Klimpl, New York City by Charles W. Stotter, for defendants Abraham Manber, Solomon Manber, Berine Enterprises, Ltd., Individual's Securities, Ltd., Max Levine, Gig Friedman, Walter Reed, Albert Lerner and Steven F. Miller, Jr.
Kenneth A. Elan, New York City, for defendant Sherman Fitzpatrick & Co., Inc.
United States District Court, E.D. New York.
MEMORANDUM AND ORDER
RAGGI, District Judge:
Plaintiffs bring this class action1 on behalf of themselves and all other persons who purchased securities in four companies — Flo-Con Corporation ("Flo-Con"), Cabletech, Inc. ("Cabletech"), Primages, Inc. ("Primages") and Telebyte Technology, Inc. ("Telebyte") — between February 8, 1982 and June 12, 1986 from defendants Sherman Fitzpatrick & Co., Inc. ("Sherman Fitzpatrick...
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