O'NEIL v. APPEL

No. 1:94-CV-97.

897 F.Supp. 995 (1995)

Douglas E. O'NEIL, et al., Plaintiffs, v. Curtis H. APPEL, et al., Defendants.

United States District Court, W.D. Michigan, Southern Division.

April 26, 1995.


Attorney(s) appearing for the Case

Fredric N. Goldberg, Mika, Meyers, Beckett & Jones, P.L.C., Grand Rapids, MI, Michael B. Hyman, Edith F. Canter, Much, Shelist, Freed, Denenberg & Ament, P.C., Chicago, IL, Martis Ann Brachtl, Goodkind, Labaton, Rudoff & Sucharow, LLP, New York City, for plaintiff Douglas E. O'Neil.

Fredric N. Goldberg, Mika, Meyers, Beckett & Jones, P.L.C., Grand Rapids, MI, Michael B. Hyman, Edith F. Canter, Much, Shelist, Freed, Denenberg & Ament, P.C., Chicago, IL, Martis Ann Brachtl, Goodkind, Labaton, Rudoff & Sucharow, LLP, New York City, Kenneth A. Elan, Kenneth A. Elan Law Office, New York City, Joseph Garland, Rabin & Garland, New York City, for plaintiff Harry Hoffman.

Fredric N. Goldberg, Mika, Meyers, Beckett & Jones, P.L.C., Grand Rapids, MI, Michael B. Hyman, Edith F. Canter, Much, Shelist, Freed, Denenberg & Ament, P.C., Chicago, IL, Martis Ann Brachtl, Goodkind, Labaton, Rudoff & Sucharow, LLP, New York City, Francine Schwartz, Francine Schwartz Law Office, Chicago, IL, for plaintiffs Richard L. Christensen, Craig G. Babcock.

Fredric N. Goldberg, Mika, Meyers, Beckett & Jones, P.L.C., Grand Rapids, MI, Frederic Scott Fox, Joel B. Strauss, Kaplan, Kilsheimer & Fox, New York City, Michael B. Hyman, Edith F. Canter, Much, Shelist, Freed, Denenberg & Ament, P.C., Chicago, IL, Martis Ann Brachtl, Goodkind, Labaton, Rudoff & Sucharow, LLP, New York City, Kenneth A. Elan, Kenneth A. Elan Law Office, New York City, for plaintiff Robert Esna.

Fredric N. Goldberg, Mika, Meyers, Beckett & James, P.L.C., Grand Rapids, MI, Michael B. Hyman, Edith F. Canter, Much, Shelist, Freed, Denenberg & Ament, P.C., Chicago, IL, Martis Ann Brachtl, Goodkind, Labaton, Rudoff & Sucharow, LLP, New York City, Joseph H. Weiss, Joseph H. Weiss Law Office, New York City, for plaintiff David Babe.

Fredric N. Goldberg, Mika, Meyers, Beckett & James, P.L.C., Grand Rapids, MI, Edward M. Gergosian, Barrack, Rodos & Bacine, San Diego, CA, Michael B. Hyman, Edith F. Canter, Much, Shelist, Freed, Denenberg & Ament, P.C., Chicago, IL, Martis Ann Brachtl, Goodkind, Labaton, Rudoff & Sucharow, LLP, New York City, C. Keith Greer, Colton, Roesser & Greer, Del Mar, CA, for plaintiff Mark Christiansen.

Fredric N. Goldberg, Mika, Meyers, Beckett & Jones, P.L.C., Grand Rapids, MI, for plaintiffs Lee E. Ginsburg and James Chambers.

Fredric N. Goldberg, Mika, Meyers, Beckett & Jones, P.L.C., Grand Rapids, MI, Norman Rifkind, Beigel, Schy, Lasky, Rifkind, Goldberg & Fertik, Chicago, IL, Bernard Wiczer, Wiczer & Associates Chtd., Northbrook, IL, for plaintiff Herbert Eldean.

Christopher G. Hastings, Drew, Cooper & Anding, Grand Rapids, MI, Michael C. Miller, Fritz & Miller, New York City, for defendant Embrace Systems Corp.

Michael C. Miller, Fritz & Miller, New York City, Curtis H. Appel, Curtis Appel Law Offices, Chicago, IL, for defendants Curtis H. Appel, Joel Ramey.

Kenneth A. Flaska, Joseph John Bernardi, Kasiborski, Ronayne & Flaska, PC, Detroit, MI, for defendant Donald W. Freeman.

Bradley K. Glazier, Bos & Glazier, Grand Rapids, MI, Michael C. Miller, Steven J. Shapero, Shapero & Shapero, Woodland Hills, CA, for defendant James Blatchley.

John Sharp, Strobl & Manoogian, PC, Bloomfield Hills, MI, Jonathan F. Thoits, Day & Sawdey, PC, Grand Rapids, MI, for defendant Frederick M. Barnard.

Michael C. Miller, Fritz & Miller, New York City, Frank F. Sommers, IV, Frank F. Sommers Law Offices, San Francisco, CA, for defendant David Brule.

Michael C. Miller, Fritz & Miller, New York City, for defendant Daniel Harris.

Dan E. Bylenga, Jr., Schenk, Boncher & Prasher, Grand Rapids, MI, Robert D. VanderLaan, Miller, Canfield, Paddock & Stone, Grand Rapids, MI, for defendant Price Waterhouse.


OPINION

ROBERT HOLMES BELL, District Judge.

This case involves allegations of securities fraud against Defendants, including Price Waterhouse, in violation of Section 10(b) of the Securities Exchange Act as well as common-law fraud and civil conspiracy, related to the stock of Embrace Systems Corporation (Embrace). Before the Court at this time is Price Waterhouse's motion to dismiss pursuant to Rules 12(b)(6) and 9(b) of the Federal Rules of Civil...

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