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VLADIMIR v. U.S. BANKNOTE CORP.

No. 94 Civ. 0255 (MGC).

976 F.Supp. 266 (1997)

Bert VLADIMIR, on behalf of himself and all others similarly situated, Plaintiffs, v. UNITED STATES BANKNOTE CORPORATION and Morris Weissman, Defendants.

United States District Court, S.D. New York.

September 30, 1997.

Attorney(s) appearing for the Case

Kaufman Malchman Kirby & Squire LLP, by Roger W. Kirby, Andrea Bierstein, New York City, for Plaintiffs.

Weil, Gotshal & Manges LLP, by Dennis J. Block, Richard L. Levine, Suzanne J. Romajas, New York City, for Defendants.

Winthrop, Stimson, Putnam & Roberts, by David G. Keyko, Takemi Ueno, New York City, for Thomas De La Rue AG, Intervenor.

OPINION

CEDARBAUM, District Judge.

This is a securities fraud class action in which a jury verdict in favor of the plaintiff class was returned on January 24, 1997. The jury found that defendant Banknote's false and misleading statements caused the price of Banknote common stock to be artificially inflated by 79 cents per share throughout the class period. The total amount of damages has not been determined, but plaintiffs suggest that it is between $5.3...

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