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AZURITE CORP. LTD. v. AMSTER & CO.

No. 89 Civ. 0746 (PKL).

730 F.Supp. 571 (1990)

AZURITE CORP. LTD., individually and on behalf of all others similarly situated, Plaintiffs, v. AMSTER & CO., formerly known as Lafer, Amster & Co., Arnold Marvin Amster, Barry Stuart Lafer, and Joel Richard Packer, Defendants.

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

February 13, 1990.

Attorney(s) appearing for the Case

Shearman & Sterling, New York City (Joseph T. McLaughlin, James P. Tallon, Barbara A. Breen, Thomas Swift and Aaron Dannenberg, of counsel), for plaintiffs.

Shea & Gould, New York City (Milton S. Gould, of counsel), for defendants Amster & Co. and Arnold M. Amster.

Hellring Lindeman Goldstein Siegel Stern & Greenberg, Newark, N.J. (Jonathan L. Goldstein and Herbert J. Stern, of counsel), for defendant Barry S. Lafer.

Buchwald & Kaufman, New York City (Don D. Buchwald, of counsel), for defendant Joel R. Packer.

OPINION AND ORDER

LEISURE, District Judge.

This is an action for damages arising out of an alleged conspiracy to violate federal securities laws by failing to disclose legally-required, material information relating to a proposed proxy contest for control of a corporation.1 Plaintiffs allege that defendants have violated Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. Plaintiffs also...

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