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CIRO, INC. v. GOLD

Civ. A. No. 92-155-JLL.

816 F.Supp. 253 (1993)

CIRO, INC. and Ciro of Bond Street, Inc. by Edward L. Schuman, Alix Cassaday, Theodore Rosen, John H. Burrows and Eunice Caplan, suing derivatively on its behalf, Plaintiffs, v. Abraham GOLD, Jack B. Levine and Intermediate Securities Limited, Defendants, and Ciro, Inc. and Ciro of Bond Street, Inc., Nominal Defendants.

United States District Court, D. Delaware.

March 2, 1993.

Attorney(s) appearing for the Case

Irving Morris and Patrick Morris of Morris and Morris, Wilmington, DE, Timothy J. Dennin of Timothy J. Dennin, P.C., of counsel, for plaintiffs.

Bruce M. Stargatt and Bruce L. Silverstein of Young, Conaway, Stargatt & Taylor, Wilmington, DE, for defendants.

OPINION

LATCHUM, Senior District Judge.

I. INTRODUCTION

Defendants Abraham Gold, Jack B. Levine, and Intermediate Securities Limited ("Intermediate") along with nominal defendants Ciro, Inc. ("Ciro") and Ciro of Bond Street, Inc. ("Ciro of Bond Street") have moved to dismiss plaintiffs' second amended complaint. Docket Items ("D.I.") 48 & 49. Plaintiffs Edward L. Schuman, Alix Cassaday, John H. Burrows, and Eunice Caplan...

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