IN RE GAMING LOTTERY SECURITIES LITIGATION

No. 96 Civ. 5567(RPP).

58 F.Supp.2d 62 (1999)

In re GAMING LOTTERY SECURITIES LITIGATION. This Document Relates to: All Actions: 96 Civ. 5567(RPP), 96 Civ. 7527(RPP), 96 Civ. 7936(RPP)

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

February 23, 1999.


Attorney(s) appearing for the Case

Wolf Popper LLP, New York City by Robert C. Finkel, Millberg Weiss Bershad Hynes & Lerach LLP, New York City by Deborah Clark-Weintraub, Lowey Dannenberg Bemporad & Selinger, PC, The Gateway, White Plains, NY by Sherrie Brown, for plaintiffs.

Proskauer Rose LLP, New York City by Edward Brodsky, for defendants.


OPINION AND ORDER

ROBERT P. PATTERSON, Jr., District Judge.

Plaintiffs, who are purchasers of Gaming Lottery Corporation ("GLC")1 stock allege, on behalf of a putative class, that GLC and two of its officers, Jack Banks ("Banks") and Larry Weltman ("Weltman"), violated Section 10(b) of the Securities and Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, by making materially false and misleading...

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