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MANAVAZIAN v. ATEC GROUP, INC.

No. 99 CV 4993(FB).

160 F.Supp.2d 468 (2001)

Asadour MANAVAZIAN, Terry Giese, Richard Houchin, Steven Leodis, Anita Loeb, Dr. Cayetano Lopez-Cepero, on behalf of themselves and all others similarly situated, Plaintiffs, v. ATEC GROUP, INC., Surinder Rametra, Ashok Rametra, Defendants.

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

August 23, 2001.

Attorney(s) appearing for the Case

David R. Buchanan, Christopher A. Seeger, Stephen A. Weiss, Seeger Weiss LLP, New York City, William Federman, Day, Edwards, Federman, Propester & Christensen, P.C., Oklahoma City, OK, Andrew L. Barroway, Andrew L. Barroway, LLP, Bala Cynwyd, PA, Joseph V. Mc Bride, Brian Murray, Rabin & Peckel LLP, New York City, for Plaintiffs.

Jay B. Kasner, Scott D. Musoff, Skadden, Arps, Slate, Meagher & Flom LLP, New York City, Alfred G. Yates, Jr., Law Offices of Alfred G. Yates, Pittsburgh, PA, Leo W. Desmond, The Law Offices of Leo W. Desmond, Palm Beach Gardens, FL, for Defendants.

MEMORANDUM AND ORDER

BLOCK, District Judge.

Plaintiffs bring this putative class action against defendants ATEC Group, Inc. ("ATEC" or the "Company"), Surinder Rametra and Ashok Rametra (collectively "individual defendants"), asserting violations of §§ 10(b), 20(a) and 20A of the Securities Exchange Act of 1934 ("1934 Act"), 15 U.S.C. §§ 78j(b), 78t-1, and Rule 10b-5 of the Securities and Exchange Commission ("SEC"), 17 C.F.R....

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