P. SCHOENFELD ASSET MANAGEMENT LLC v. CENDANT

Civ. Nos. 98-4734(WHW), 98-5384(WHW).

47 F.Supp.2d 546 (1999)

P. SCHOENFELD ASSET MANAGEMENT LLC, on behalf of itself and all others similarly situated, Plaintiff, v. CENDANT CORP., Walter A. Forbes, E. Kirk Shelton, Cosmo Corigliano, Christopher Mc Leod and Ernst & Young, LLP, Defendants. George Semerenko, on behalf of himself and all others similarly situated, Plaintiff, v. Cendant Corp., Walter A. Forbes, E. Kirk Shelton, Cosmo Corigliano, Christopher Mc Leod and Ernst & Young, LLP, Defendants.

United States District Court, D. New Jersey.

April 30, 1999.


Attorney(s) appearing for the Case

Joseph J. DePalma, Allyn Z. Lite, Goldstein Lite & DePalma, LLC, Newark, NJ, Arthur Abbey, Jill S. Abrams, Nancy Kaboolian, Abbey, Gardy & Squitieri, LLP, New York, N.Y., for plaintiff P. Schoenfeld Asset Management LLC.

Samuel Kadet Skadden, Arps, Slate, Meagher & Flom LLP, Newark, NJ, Carl Greenberg, Michael M. Rosenbaum, Budd Larner Gross, Rosenbaum, Greenberg & Sade, Short Hills, NJ, for defendant Cendant Corp.

Steven S. Radin, Sills Cummis Zuckerman Radin Tischman Epstein & Gross, P.A., Newark, NJ, Dennis J. Block, Cadwalader, Wickersham & Taft, New York, NY, Greg A. Danilow, Weil, Gotshal & Manges LLP, New York, NY, for defendant Walter A. Forbes and Christopher McLeod.

Richard Schaeffer, Bruce Handler, New York, NY, Dornbush Mensch Mandelstam & Schaeffer, for defendant E. Kirk Shelton.

Donald A. Robinson, Robinson, Lapidus & Livelli, Newark, NJ, Gary P. Naftalis, Alan R. Friedman, Kramer Levin Naftalis & Frankel, New York, NY, for defendant Cosmo Corigliano.

Douglas Scott Eakeley, Lowenstein Sandler PC, Roseland, NJ, Dennis P. Orr, Mayer, Brown & Platt, New York, NY, Michelle Odorizzi, Caryn L. Jacobs, Mayer, Brown & Platt, Chicago, IL, for defendant Ernst & Young LLP.


WALLS, District Judge.

All defendants move to dismiss plaintiffs' amended complaints for failure to state a claim upon which relief may be granted and plaintiffs move for leave to amend their complaints if any or all of their claims are dismissed. The complaints charge defendants with violations of sections 10(b), 14(e), and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5. The complaints are dismissed because they fail to state a cause of action under...

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