CELSION CORP. v. STEARNS MANAGEMENT CORP.

No. 01 C 478.

157 F.Supp.2d 942 (2001)

CELSION CORP, a Maryland Corporation, Plaintiff, v. STEARNS MANAGEMENT CORP., an Illinois Corporation, Warren C. Stearns, Warren R. Stearns, Charles A. Stearns, Anthony Riker, Ltd., an Illinois Corporation, John T. Horton, Individually and as Trustee of the George T. Horton Trust, and the George T. Horton Trust, Defendants.

United States District Court, N.D. Illinois, Eastern Division.

August 13, 2001.


Attorney(s) appearing for the Case

Paul E. Freehling, Andrea L. Caplan, D'Ancona & Pflaum, Chicago, IL, Paul N. Murphy, Tighe, Patton et al., Washington, DC, for Plaintiff.

Jeffrey A. Schulman, Wolin and Rosen, Chicago, IL, Robert R. Bowie, Jr., Teresa K. LaMaster, Bowie and Jensen, Towson, MD, Theresa M. Moore, Solomon Pearl Blum Heymann & Stich LLP, Denver, CO, for Defendants.


MEMORANDUM OPINION AND ORDER

BUCKLO, District Judge.

Celsion Corporation ("Celsion"), brought this action under Section 29(b) of the Securities Exchange Act of 1934 ("the Act"), 15 U.S.C. § 78cc(b), and the Declaratory Judgment Act, 28 U.S.C. § 2201, for rescission of a series of common stock purchase warrants that Celsion issued to the defendants, Stearns Management Corporation ("SMC"), Warren C. Stearns ("Stearns"), Warren R. Stearns,...

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