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IDT CORP. v. EGLOBE INC.

No. CIV.A. 00-01158 HHK.

140 F.Supp.2d 30 (2001)

IDT CORPORATION, Plaintiff, v. eGLOBE INC., Christopher Vizas and Donald H. Sledge, Defendants.

United States District Court, District of Columbia.

March 21, 2001.

Attorney(s) appearing for the Case

Brian T. Scher, Grayson & Kubli, P.C., McLean, VA, for Plaintiff.

Michael John Wilson, Zevnik, Horton, Guibord & McGovern, Washington, DC, Steven Altman, Ziegler, Ziegler & Altman, LLP, New York City, for Defendants.

MEMORANDUM OPINION

KENNEDY, District Judge.

Plaintiff, IDT Corporation ("IDT") brings this action against defendants, eGlobe Inc., Christopher Vizas, and Donald Sledge (collectively "eGlobe"), alleging violations of federal securities laws as well as several state law claims. This dispute arises out of a warrant agreement, pursuant to which IDT obtained the right to purchase 500,000 shares of eGlobe common stock. IDT exercised this warrant, but eGlobe subsequently...

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