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RENZ v. SCHREIBER

Civ. A. No. 92-2527(JBS).

832 F.Supp. 766 (1993)

Harry J. RENZ, Jr., and John H. Irons, Plaintiffs, v. Gerald B. SHREIBER, Arnold J. Goldstein, and J & J Snack Foods Corp., Defendants.

United States District Court, D. New Jersey.

July 7, 1993.

Attorney(s) appearing for the Case

Robert Agre, Cherry Hill, NJ, and Stuart H. Savett (argued), Robert P. Frutkin, Katharine M. Ryan, Savett Frutkin Podell & Ryan, Philadelphia, PA, and Marc H. Edelson, Hoffman & Edelson, Jenkintown, PA, for plaintiffs.

Stephen M. Orlofsky, Melissa A. Kelley, Jane C. Flickstein Silver, Blank, Rome, Comisky & McCauley, Cherry Hill, NJ, and Richard P. McElroy (argued), Laurence S. Shtasel, Blank, Rome, Comisky & McCauley, Philadelphia, PA, for defendants.

OPINION

SIMANDLE, District Judge:

This federal securities law class action is before the court on defendants' motion to dismiss the Consolidated Amended Complaint pursuant to Federal Rule of Civil Procedure 12(b)(6). The issue presented is whether plaintiffs' allegations that the defendants made optimistic public projections for success of the corporation's expected performance in sales of frozen carbonated beverages in knowing or reckless disregard...

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