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UNTERBERG HARRIS PRIVATE EQUITY PARTNERS, L.P. v. XEROX CORP.

No. 96 Civ. 7645 (RWS).

995 F.Supp. 437 (1998)

UNTERBERG HARRIS PRIVATE EQUITY PARTNERS, L.P., Unterberg Harris Private Equity Partners, C.V., Unterberg Harris Interactive Media Limited Partnership, C.V., Unterberg Harris LLC, Unterberg Harris 401K, Profit Sharing Plan FBO Jody A. Owen 401K, Park City Investments, Wendy Lavitt, John Dexheimer, Andrew G. Celli, Jr. and James E. Satloff Trustees u/a/d 5/19/93 FBO Rebecca Rose Celli and u/a/d 5/19/93 FBO Dustin Nathanial Satloff, Ellen Unterberg Celli, Andrew Kessler, Individually and as Custodian for Kyle Jacob Kessler and for Kurt David Kessler, Unterberg Harris 401K Profit Sharing Plan FBO Andrew Arno 401K, Thomas I. Unterberg and Robert C. Harris, Jr., Plaintiffs, v. XEROX CORPORATION, Xerox Venture Capital (a Division of Xerox Corporation), Donald E. Riley, Leroy W. Haythorn and Microlytics, Inc., Defendants.

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

March 3, 1998.

Attorney(s) appearing for the Case

Solovay Marshall & Edlin, New York City (Richard A. Edlin, Stephen L. Weinstein, Cheryl A. Mitchell, of counsel), for Plaintiffs.

Nixon, Hargrave, Devans & Doyle, New York City (Robert C. Sentner, Kermitt J. Brooks, of counsel), for Defendants Xerox Corp., Xerox Venture Capital and Donald E. Riley.

OPINION

SWEET, District Judge.

Defendants Xerox Corporation, Xerox Venture Capital, ("Xerox"), Donald E. Riley, ("Riley"), Leroy W. Haythorn ("Haythorn"), and Microlytics, Inc., ("Microlytics") (collectively, "Defendants") move for summary judgment pursuant to Rule 56, Fed.R.Civ.P., in this securities fraud action filed by plaintiff Unterberg Harris Private Equity Partners, L.P., ("Unterberg"). For the...

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