KRIM v. COASTAL PHYSICIAN GROUP, INC.

Civil No. 97CV01126.

81 F.Supp.2d 621 (1998)

Mead Ann KRIM, on her own behalf and on behalf of all others similarly situated, Plaintiff, v. COASTAL PHYSICIAN GROUP, INC.; Steven M. Scott; Stephen D. Corman; and Jonathan E. Kennedy, Defendants.

United States District Court, M.D. North Carolina.

July 31, 1998.


Attorney(s) appearing for the Case

Laurie B. Gengo, Daniel Gerald Cahill, The Sanford Holshouser Law Firm, Raleigh, NC, Mark Levine, Stull Stull & Brody, New York City, Harvey Greenfield, The Law Firm of Harvey Greenfield, New York City, for Mead Ann Krim, Arthur Peros, Carole Stang, Richard Thurlow, James D. Campbell, Phillip J. Franzoni, Anthony J. Iadanza.

William Kearns Davis, Bell, Davis & Pitt, P.A., Winston-Salem, NC, James Conrad Adams, II, Brooks, Pierce, McLendon, Humphrey & Leonard, Greensboro, NC, for Coastal Physician Group, Inc., Jonathan E. Kennedy.

Mack Sperling, Brooks, Pierce, McLendon, Humphrey & Leonard, Greensboro, NC, James Conrad Adams, II, Brooks, Pierce, McLendon, Humphrey & Leonard, Greensboro, NC, for Steven M. Scott.

James Conrad Adams, II, Brooks, Pierce, McLendon, Humphrey & Leonard, Greensboro, NC, H. Spencer Barrow, Raleigh, NC, J. Roger Edwards, Raleigh, NC, for Stephen D. Corman.

Laurie B. Gengo, The Sanford Holshouser Law Firm, Raleigh, NC, Mark Levine, Stull Stull & Brody, New York City, for John R. Booth, Jr.


MEMORANDUM OPINION

BULLOCK, Chief Judge.

In this action, which asserts claims for securities fraud under federal law and negligent misrepresentation under state law, Defendants jointly move to dismiss the amended complaint pursuant to Rule 12(b)(6) of the Federal Rules of Civil Procedure. For the following reasons, the court will grant Defendants' motion.

FACTS

In assessing whether Plaintiff...

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