OPTOPICS LABORATORIES CORP. v. NICHOLAS

Civil Action No. 96-2771 (JEI).

947 F.Supp. 817 (1996)

OPTOPICS LABORATORIES CORP. and Nutramax Products, Inc., Plaintiffs, v. Frank C. NICHOLAS, Jeffrey H. Nicholas, Scott H. Nicholas, Peter K. Nicholas, and Lilex Partners, Defendants.

United States District Court, D. New Jersey.

December 4, 1996.


Attorney(s) appearing for the Case

Dechert Price & Rhoads, by Robert Rhoad, Mary A. McLaughlin, Maya M. Boguslavsky, Princeton Pike Corporate Center, Princeton, NJ, for Plaintiffs.

George G. O'Brien, Cherry Hill, NJ, for Defendants.


OPINION

IRENAS, District Judge:

After purchasing defendants' controlling shares in Optopics Laboratories Corporation ("Optopics"), plaintiffs instituted this action alleging fraudulent misrepresentations in connection with the transaction. Defendants deny these claims and seek to submit them to arbitration pursuant to a clause in their merger agreement. Plaintiffs assert their claims fall outside of the contractual provision and oppose defendants' motion...

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