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INTEGRATED TECHNOLOGY & DEVELOPMENT v. ROSENFIELD

No. 99-CV-8512.

103 F.Supp.2d 574 (2000)

INTEGRATED TECHNOLOGY & DEVELOPMENT, INC. and Israel Letzter, Plaintiffs, v. Israel ROSENFIELD, Rami Adler, Gerard Conca, David Merrell, AMCI International, Inc., Michael C. Brown, OSCM-One Stop.Com, Inc., Acttivinet, Ltd., and Activinet, S.A., Defendants.

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

May 24, 2000.

Attorney(s) appearing for the Case

Zevnik, Horton, Guibord, McGovern, Palmer & Fognani, LLP, New York City, by Steven Altman, Eric Rosenberg, of counsel, for plaintiffs.

Loeb & Loeb, LLP, New York City, by David B. Eizenman, Leily Lashkari, of counsel, for defendants OSCM-One-Stop. com, Inc., AMCI International, Inc., and Gerard Conca.

MEMORANDUM DECISION AND ORDER

SPATT, District Judge.

This case involves allegations by the Plaintiffs that the Defendants engaged in securities fraud by selling assets of the closely-held corporation OSCM One-Stop. com, Inc. ("OSCM"). Presently before the Court are motions by Defendants OSCM, AMCI International, Inc. ("AMCI") and Gerard Conca to dismiss the complaint for lack of subject matter jurisdiction under Fed.R.Civ.P. 12(b)(1) and failure to state...

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