Jerry Wayne WILEY and Charles P. Moraglia, individually and on behalf of a class of similarly situated persons, Plaintiffs,
v.
HUGHES CAPITAL CORPORATION, First Securities Transfer Systems, Inc., Robert Zaunere, John Knoblauch, Frederick Mascolo, John Perfetti, Fred Galiardo, Morton Greenberg, Alan Lieb, Sheldon Kanoff, Leonard Tucker, Albert Weiss, Lionel Reifler, Gilbert Beall, Calvo Bofshever & Perry, Howard Ackerman, Susan LaChance, Ira Victor, Dominick Fiorese, John Doe and Richard Roe, Inc., Defendants.
United States District Court, D. New Jersey.https://leagle.com/images/logo.png
August 31, 1990.
August 31, 1990.
Attorney(s) appearing for the Case
Howard G. Schlesinger, Jaffe & Schlesinger, P.A., Springfield, N.J., and Gerald J. Resnick, Edison, N.J., for plaintiffs.
Stanley Moskowitz, Moskowitz, Altman & Frankel, and Ross & Matza, New York City, for defendant First Securities Transfer Systems, Inc.
Robert L. Zaunere, Pompano Beach, Fla., pro se defendant.
David L. Hertzog, Fromkin, Hertzog & Becker, P.C., Omaha, Neb., for defendant John L. Knoblauch.
Charles E. Oman, III, Moynahan, Ruskin, Mascolo, Mariani & Minella, Waterbury, Conn., for defendant Frederick Mascolo.
John Perfetti, Bayville, N.Y., pro se defendant.
Dennis R. LaFiura, Pitney, Hardin, Kipp & Szuch, Morristown, N.J., and James M. LaRossa, LaRossa, Mitchell & Ross, New York City, for defendant Fred Galiardo.
Stephen N. Dratch, Greenberg, Margolis, Ziegler, Schwartz, Dratch, Franzblau & Falkin, Roseland, N.J., and George Berger, Berger & Paul, New York City, for defendant Morton Greenberg.
Paul J. Linker, Robinson, Wayne & LaSala, Newark, N.J., for defendant Alan Leib.
John Sand Siffert, Lankler, Siffert & Whol, New York City, for defendant Sheldon Kanoff.
Edward A. Bertele, Levy & Lybeck, P.C., Union, N.J., and Howard B. Sirota, Sirota & Sirota, New York City, for defendant Leonard Tucker.
Barry A. Bohrer, Morvillo, Abromowitz & Grand, New York City, for defendant Albert D. Weiss.
Martin R. Raskin, Raskin & Graham, Miami, Fla., for defendants Lionel Reifler, Susan LaChance and Howard Ackerman.
Gilbert Beall, Dallas, Tex., pro se defendant.
Richard P. Green, Harold Bofshever, Mark C. Perry, Fort Lauderdale, Fla., for defendant Calvo, Bofshever & Perry.
Waller, Mark & Allen, P.C., Denver, Colo., for defendant Ira Victor.
United States District Court, D. New Jersey.
OPINION
LECHNER, District Judge.
This class action arises from the initial public offering of securities in Hughes Capital Corporation ("Hughes Capital") on or prior to 25 August 1986 pursuant to a registration statement (the "Hughes Registration Statement") declared effective by the Securities Exchange Commission (the "SEC") on 5 May 1986 and amended by post-effective filings on 8 May, 6 June and 14 July 1986...
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