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BOMARKO, INC. v. HEMODYNAMICS, INC.

No. 1:90-CV-947.

848 F.Supp. 1335 (1993)

BOMARKO, INC., a Delaware corporation, David McClymont, Don Oppenhuizen and Michael Azzar, Plaintiffs, v. HEMODYNAMICS, INC., a Delaware corporation, Eugene Brown, Alan R. Blackman, Donald K. Cronin, Robert T. Frisa, David H. Lieberman, and Thomas F. O'Donnell, M.D., Defendants.

United States District Court, W.D. Michigan, S.D.

September 1, 1993.

Attorney(s) appearing for the Case

Jasper A. Cragwall, Jr., Warner, Norcross & Judd, Grand Rapids, MI, for plaintiff.

Alan E. Golomb, Mineola, NY, for defendants Hemodynamics, Cronin, Frisa & Lieberman.

Michael J. Beautyman, Beautyman Associates, Flourtown, PA, for defendant O'Donnell.

Michael A. Hanzman, Zack, Hanzman, Ponce & Tucker, PA, Miami, FL, for defendant Brown.

MEMORANDUM OPINION

McKEAGUE, District Judge.

This case presents securities fraud claims under § 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), and related Rule 10b-5, 17 C.F.R. § 240.10b-5; under § 20(a) of the 1934 Act, 15 U.S.C. § 78t(a); and under the common law. Plaintiffs allege essentially that they suffered losses when, misled by inaccurate representations about the financial health and prospects of defendant...

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