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VENTURTECH II v. DELOITTE HASKINS & SELLS

No. 88-1012-CIV-5-H.

790 F.Supp. 574 (1992)

VENTURTECH II, Limited Partnership; North Riverside Venture, Inc.; and Heritage Capital Corporation, Plaintiffs, v. DELOITTE HASKINS & SELLS, Defendant/Third-Party Plaintiff, v. LEARNING RESOURCES, INC., Kitty Hawk Capital, Inc., Christopher W. Hegele, Robert L. Chapman, and Thomas Barry, Third-Party Defendants and Additional Third-Party Plaintiffs, v. GREYLOCK PARTNERS & CO.; Advanced Technology Development Fund; David L. Strohm and Ronald W. White, Additional Third-Party Defendants.

United States District Court, E.D. North Carolina, Raleigh Division.

February 24, 1992.

Attorney(s) appearing for the Case

William E. Sumner, Stephen J. Anderson, Sumner & Hewes, Atlanta, Ga., Daniel K. Bryson, Maupin Taylor Ellis & Adams, Raleigh, N.C., for plaintiffs & Thomas Barry.

James T. Williams, Jr., Jeffrey E. Oleynik, Brooks, Pierce, McLendon, Humphrey & Leonard, Greensboro, N.C., for defendants.

Richard D. Stephens, Lynn O. Wenige, Kennedy, Covington, Lobdell & Hickman, Charlotte, N.C., for Kitty Hawk Capital, Inc., and Christopher W. Hegele.

James D. Blount, Jr., Michael E. Weddington, Smith, Anderson, Blount, Dorsett, Michael & Jernigan, Raleigh, N.C., for Greylock Partners & Co. and David L. Strohm.

L. Joseph Loveland, Stephanie E. Parker, King & Spalding, Atlanta, Ga., for Advanced Technology Dev. Fund and Ronald W. White.

ORDER

MALCOLM J. HOWARD, District Judge.

On February 3, 1992, this court entered an order, upon motion of the plaintiffs, reinstating the plaintiffs' federal securities claims under § 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934 ("the 1934 Act"). Subsequently, the court learned that the defendant had been granted an extension of time in which to file a response to the plaintiffs' motion for reinstatement. Therefore, after receiving and...

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