FUJISAWA PHARMACEUTICAL CO., LTD. v. KAPOOR

No. 92 C 5508.

932 F.Supp. 208 (1996)

FUJISAWA PHARMACEUTICAL CO., LTD. and Fujisawa USA, Inc., Plaintiffs, v. John N. KAPOOR, Defendant.

United States District Court, N.D. Illinois, Eastern Division.

June 13, 1996.


Attorney(s) appearing for the Case

Robert J. Kopecky, Kirkland & Ellis, Chicago, IL, Peter C. Neger, Richards & O'Neil, LLP, New York City, for Plaintiffs.

Dan K. Webb, Winston & Strawn, Chicago, IL, for Defendant.


MEMORANDUM OPINION AND ORDER

BUCKLO, District Judge.

Previously, this Court denied Fujisawa's motion for leave to amend its complaint to add a Section 20A claim, 15 U.S.C. § 78t-1. Section 20A provides that "[a]ny person who violates any provision of this title ... by purchasing or selling a security while in possession of material, nonpublic information shall be liable ... to any person who, contemporaneously with the purchase or sale of securities...

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