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KLEIN v. GOETZMANN

No. 88-CV-780.

745 F.Supp. 107 (1990)

Albert M. KLEIN, Blanche Tave and Daniel Slane, Plaintiffs, v. Harry E. GOETZMANN, Jr., John L. Bartolo, Lynn H. Smith, Henry A. Panasci, Jr., Chris J. Witting, Alvin O. Beiling, Robert C. Hayman, Thomas J. Prinzing and James J. Mosher, Defendants.

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

August 27, 1990.

Attorney(s) appearing for the Case

Lowey Dannenberg Bemporad Brachtl & Selinger (Henry A. Brachtl, Richard C. Fooshee, of counsel), Abbey & Ellis (Joshua N. Rubin, of counsel), New York City, Berger & Montague (Gary E. Cantor, Lawrence Deutsch, of counsel), Philadelphia, Pa., Sugarman Wallace Manheim & Schoenwald (Timothy Perry, of counsel), Syracuse, N.Y., for plaintiffs.

Bond Schoeneck & King (Charles Beeching, Jr., George H. Lowe, Edward Ryan Conan, Jonathan B. Fellows, of counsel), Syracuse, N.Y., for Goetzman, Bartolo and Prinzing.

Bangser Klein & Rocca (Jonathan J. Fink, of counsel), New York City, for Smith, Panasci, Witting, Beiling and Hayman.

Samuel B. Vavonese, Syracuse, N.Y., for Mosher.

MEMORANDUM-DECISION AND ORDER

McCURN, Chief Judge.

Introduction

Plaintiffs, shareholders in Continental Information Systems, Inc., have brought suit against certain of the corporation's officers and directors alleging that the defendants made material misrepresentations and omissions in information provided to the investing public, in violation of Sections 10(b) and 20(a) of the Securities and Exchange Act of 1934, 15 U.S.C. § 78j(b...

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