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BRICKMAN v. TYCO TOYS, INC.

No. 88 Civ. 3936 (RLC).

731 F.Supp. 101 (1990)

Lester BRICKMAN, Plaintiff, v. TYCO TOYS, INC., Samuel Ofrichter, Richard E. Grey, John A. Selzer, Ariel Gratch, Jerome I. Gellman, Joel M. Handel, Benson A. Selzer, Geoffrey T. Selzer, and Harry J. Pearce, Defendants.

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

January 16, 1990.

Attorney(s) appearing for the Case

Goodkind, Labaton & Rudoff, New York City (Edward Labaton, Joseph V. Sternberg and Richard Paley, of counsel), for plaintiff Brickman.

Curtis, Mallet-Prevost, Colt & Mosle, New York City (Joseph D. Pizzurro, Louis Craco, Jr. and Harold J. Bacon, of counsel), for defendant Tyco Toys, Inc.

Baer Marks & Upham, New York City (Allan D. Dinkoff and Jane W. Arnone, of counsel), for defendants Samuel Ofrichter, John A. Selzer, Ariel Gratch, Jerome I. Gellman, Joel M. Handel, Benson A. Selzer and Geoffrey T. Selzer.

Blodnick, Abramowitz, Newman, Schultz & Bass, Lake Success, N.Y. (Mark M. Rottenberg and Frederick Newman, of counsel), for defendants Richard E. Grey and Harry J. Pearce.

OPINION

ROBERT L. CARTER, District Judge.

The issues before the court are defendants' motion for dismissal on numerous grounds and plaintiff's motion for class certification. Plaintiff Lester Brickman brought this action against defendants Tyco Toys, Inc. ("Tyco"), Tyco's former officers and inside directors, and several other individual and corporate defendants1 alleging violations of federal securities laws, negligent misrepresentation...

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