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SCHOENHAUT v. AMERICAN SENSORS, INC.

No. 95 Civ. 1464(BSJ).

986 F.Supp. 785 (1997)

Robert SCHOENHAUT, et al., Plaintiffs, v. AMERICAN SENSORS, INC., et al., Defendants.

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

November 14, 1997.

Attorney(s) appearing for the Case

Jeffrey S. Abraham, David J. Bershad, Robert P. Sugarman, Milberg Weiss Bershad Hynes & Lerach, L.L.P., New York City, for Robert Schoenhaut.

Stull, Stull & Brody, New York City, for Vicent A. Romei.

Marian Popper, Wolf Popper, L.L.P., New York City, for Michael Brauser, Betty Brauser.

MEMORANDUM & ORDER

JONES, District Judge.

This case involves plaintiffs' investment in a company, defendant American Sensors Inc. ("American Sensors" or the "Company"), that had experienced tremendous growth in its short operating history. When the Company's stock price fell, this suit immediately followed.

Plaintiffs filed this action on behalf of a class of persons who purchased American Sensors' stock through a secondary offering in...

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