IN RE CYBERSHOP.COM SECURITIES LITIGATION

Civ. No. 00-1993 (JAP).

189 F.Supp.2d 214 (2002)

In re CYBERSHOP.COM SECURITIES LITIGATION. THIS DOCUMENT RELATES TO ALL ACTIONS.

United States District Court, D. New Jersey.

March 18, 2002.


Attorney(s) appearing for the Case

Robert J. Berg, Bernstein Liebhard & Lifshitz, LLP, Fort Lee, NJ, Lead Counsel for Plaintiff and the Class.

Mel E. Lifshitz, Timothy J. MacFall, Bernstein Liebhard & Lifshitz, LLP New York City, Of Counsel to Lead Plaintiff and the Class.

Allyn Z. Lite, Joseph DePalma, Lite DePalma Greenberg & Rivas, LLP Newark, NJ, Mark C. Gardy, Abbey & Gardy, LLP, New York City, Joseph H. Weiss, Weiss & Yourman, New York City, James V. Bashian, Law Offices of James V. Bashian, P.C., New York City, Cohen Milstein Hausfeld Toll, P.L.L.C., Washington, DC, Jules Brody, Stull Stull & Brody, New York City, Wallace A. Showman, Law Office of Wallace A. Showman, P.C., New York City, Andrew Barroway, Schiffrin & Barroway, LLP, Jeffrey C. Block, Berman, DeValerio & Pease, LLP, Boston, MA, Bernstein Litowitz Berger & Grossman, New York City, Milberg Weiss Bershad Hynes & Lerach, LLP, New York City, Levy & Levy, New York City, Plaintiff.

Irwin Warren, Miranda S. Schiller, Candice M. Toll, Weil, Gotshal & Manges, New York City, for Defendants Grove Street Ventures, Inc. (formerly Cybershop.com, Inc.), Jeffrey Tauber, and Jeffrey Leist.

Frederic K. Becker, Edward T. Kole, Wilentz Goldman & Spitzer, P.A., Woodbridge, NJ, for Defendants Grove Street Ventures, Inc. (formerly Cybershop.com, Inc.), Jeffrey Tauber, and Jeffrey Leist.

Katherine Glynn, Robinson & Cole, New York City, for Defendant Ian S. Phillips.


PISANO, District Judge.

Defendants Grove Street Ventures, Inc. ("GSV") (formerly Cybershop.com, Inc.), Jeffrey Tauber, Jeffrey Leist, and Ian Phillips are before the Court on their motion to dismiss the Plaintiff's consolidated amended class action complaint ("amended complaint") under Rule 12(b)(6) of the Federal Rules of Civil Procedure. Defendants allege that Plaintiff has failed to plead sufficient facts to prove its alleged

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