CASTLEROCK MGMT. LTD. v. ULTRALIFE BATTERIES, INC.

No. CIV.98-3619.

114 F.Supp.2d 316 (2000)

CASTLEROCK MANAGEMENT LTD., Charles Burns, Stanley Ostern, Shamsuddin Sajan, and Babak Honaryar, on behalf of themselves and all other similarly situated, Plaintiffs, v. ULTRALIFE BATTERIES, INC., Bruce Jagid, Martin G. Rosansky, Joseph N. Barella, Frederick F. Drulard, Joseph C. Abeles, Arthur M. Lieberman, Richard A. Hansen, Carl H. Rosner, Lehman Brothers, A.G. Edwards & Sons, Inc., and Pennsylvania Merchant Group, Ltd., Defendants.

United States District Court, D. New Jersey.

September 28, 2000.


Attorney(s) appearing for the Case

Howard D. Cohen, Stern & Greenberg, Roseland, for Defendant Ultralife Batteries, Inc., Bruce Jagid, Martin G. Rosansky, Joseph N. Barella, Frederick F. Drulard, Joseph C. Abeles, Arthur M. Lieberman, Richard A. Hansen, and Carl H. Rosner.

Edward S. Feig, Susan Sawyer, Baer Marks & Upham, LLP, New York, NY, for Defendant Ultralife Batteries, Inc., Bruce Jagid, Martin G. Rosansky, Joseph N. Barella, Frederick F. Drulard, Joseph C. Abeles, Arthur M. Lieberman, Richard A. Hansen, and Carl H. Rosner.

Jeffrey J. Greenbaum, Sills Cummins Radin Tischman Epstein & Gross, Newark, for Defendants Lehman Brothers, A.G. Edwards & Sons, Inc. and Pennsylvania Merchant Group, Ltd.

Michael J. Chepiga, Simpson Thacher & Bartlett, New York, NY, for Defendants Lehman Brothers, A.G. Edwards & Sons, Inc. and Pennsylvania Merchant Group, Ltd.

Allyn Zissel Lite, Lite, DePalma, Greenberg & Rivas, LLC, Newark, for Plaintiffs Castlerock Management Ltd., Charles Burns, Stanley Ostern, Shamsuddin Sajan, and Babak Honaryar.

Herbert E. Milstein, Daniel S. Sommers, Mark S. Willis, Cohen, Milstein, Hausfeld & Toll, P.L.L.C., Washington, D.C., for Plaintiffs Castlerock Management Ltd., Charles Burns, Stanley Ostern, Shamsuddin Sajan, and Babak Honaryar.


OPINION & ORDER

HOCHBERG, District Judge.

This matter comes before the Court upon motions by Defendants Ultralife Batteries, Inc. (hereinafter "Ultralife" or the "Company"), Individual Defendants Bruce Jagid, Martin G. Rosansky, Joseph N. Barella, Frederick F. Drulard, Joseph C. Abeles, Arthur M. Lieberman, Richard A. Hansen, and Carl H. Rosner (hereinafter the "Individual Defendants"), and Underwriters Lehman Brothers, A.G. Edwards & Sons...

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