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UNITED RESOURCES EQUITY PARTNERS I, L.P. v. NATIONAL ENERGETICS CO.

No. 92 Civ. 8994(CBM).

989 F.Supp. 479 (1997)

UNITED RESOURCES EQUITY PARTNERS I, L.P., LIRO Group, L.P., and United Resources Energy Partners Series II, L.P., Plaintiffs, v. NATIONAL ENERGETICS COMPANY, The Estate of E. Eugene Mahon, Randall T. Boyd, Bruce C. Boyd, Owen E. Boyd, Eugene P. Bergemann, John W. Sim, and Frank P. Nagorney, Defendants.

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

December 19, 1997.

Attorney(s) appearing for the Case

Sussmane & Zapfel, P.C. by Kenneth Sussmane, New York City, for Plaintiffs.

Miner, Barnhill & Galland, P.C. by Charles Barnhill, Jr., Madison, WI, for Defendants.

MEMORANDUM OPINION

MOTLEY, District Judge.

Plaintiffs, United Resources Equity Partners I, L.P., LIRO Group, L.P., and United Resources Energy Partners Series II, L.P., allege that they were defrauded in their purchase of National Energetics Company stock under § 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) and S.E.C. Rule 10B-5 promulgated thereunder, § 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. §...

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