CYBER MEDIA GROUP, INC. v. ISLAND MORTGAGE NETWORK

No. 00-CV-4026 (JS) (MLO).

183 F.Supp.2d 559 (2002)

CYBER MEDIA GROUP, INC., David Marcus Individually and on behalf of Leonard Drew, Brian Weinstein, Dom Graffeo, Donald Berman, Howard Greenberg, Lester Morse, Steven Morse, Randy Amus, Roger Gruber, Alden Greenlawn, Thomas Sifford, Francis Sifford, James Zelinski, Greg Sablic, Robert Frome, Michael Wainstein, Arnold, Greenberg, Jack Schwartz, Robert Friedland, Click Here To Advertise, Inc., Blue Fountain, Inc., Peter Mitas, Tim Nielson, Gabriel Libutti, Steven Holman, Jan Holman, Philip Caruso, Kevin Kent, Columbia Equities Ltd., ETJ, Inc., Sean Dodick, Leads Direct Path Inc., New Millennium Advertising, Inc., Luxe, Inc., Main Frame Consulting, Inc., James Varvaro, Logon Enterprises, Inc., Vito Foraci, Plaintiffs, v. ISLAND MORTGAGE NETWORK, INC., Apponline.Com, Inc., Edward Capuano, Patrick A. Reilly, Jeffrey Skulsky, Paul Skulsky, Cindy Eisele, Werblin, Casuccio & Moses, P.C., Citrin, Cooperman & Company, LLP, and Courtney Smith, Defendants.

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

January 15, 2002.


Attorney(s) appearing for the Case

Steven R. Schlesinger, Jaspan Schlesinger Hoffman LLP, Garden City, NY, for Plaintiffs.

I. Michael Bayda, Jacobs Persinger & Parker, New York, NY, for Defendants Patrick A. Reilly.

Fred N. Knopf, Wilson, Elser et al., New York, NY, for Werblin, Casuccio & Moses, P.C.

John H. Eickmeyer, Vedder, Price, Kaufman & Kammholz, New York, NY, for Citrin, Cooperman & Co.

Judith R. Cohen, Squadron, Ellenoff, Plesent & Sheinfeld, LLP, New York, NY, for Courtney Smith.


MEMORANDUM AND ORDER

SEYBERT, District Judge.

The above named plaintiffs ("Plaintiffs") commenced this action on July 17, 2000 through filing a complaint and requesting that the Court issue an order to show cause. Briefly, Plaintiffs allege in their initial complaint that the above named defendants "knowingly and intentionally communicated ... misleading and false statements of material facts to Cyber Media during negotiations wherein shareholders...

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