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STEED FINANCE LDC v. LASER ADVISERS, INC.

No. 99 Civ. 4222(BSJ).

258 F.Supp.2d 272 (2003)

STEED FINANCE LDC, Shetland Fund Ltd., Republic Multi-Adviser Arbitrage Investments Limited and Republic Global Hedge Investments Limited, and Creditanstalt A.G., Plaintiffs, v. LASER ADVISERS, INC., Michael Smirlock, and Melanie Katzman, Defendants, Appaloosa Management L.P. and David Tepper, Defendants and Third-Party Plaintiffs, v. James River Capital Corp., James River Offshore Management Corp., Kevin M. Brandt, and Paul H. Saunders, Third-Party Defendants.

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

April 15, 2003.

Attorney(s) appearing for the Case

Peter C. Harrar, Jeffrey G. Smith, Daniel W. Krasner, Wolf, Haldenstein, Adler, Freeman & Herz LLP, New York, NY, for Steed Finance LDC, Shetland Fund Ltd., Creditanstalt AG.

Paul D. Wexler, Peter D. Morgenstern, Bragar, Wexler, Eagel & Morgenstern, LLP, New York, NY, for Republic Multi-Adviser Arbitage Investments Ltd., Republic Global Hedge Investments, Ltd.

William M. Brodsky, Baden Kramer Huffman Brodsky & Go, PC, Jonathan Mazer, Baden Kramer Huffman & Brodsky, PC, New York, NY, for Laser Advisers, Inc., Michael Smirlock.

Paul Vizcarrondo, Jr., Wachtell, Lipton, Rosen & Katz, New York, NY, for Appaloosa Management LP.

Bernice J. Koplin, Schachtel Gerstley, Levine & Koplin, PC, New York, NY, for Melanie Katzman Smirlock.

Kenneth Lawrence Fox, Law Offices of Kenneth L. Fox, Bernice J. Koplin, Schachtel Gerstly Levine & Koplin, PC, Ronald L. Levine, Schachtel, Gerstley, Levine & Koplin, PC, Philadelphia, PA, for Melanie Katzmann.

OPINION AND ORDER

JONES, District Judge.

This securities action is presently before the Court on the motion of the third-party defendants, James River Capital Corp., James River Offshore Management Corp., Kevin M. Brandt, and Paul H. Saunders, (collectively, the "James River Defendants"), to dismiss the third-party complaint against them for failure to state a claim upon which relief can be granted pursuant to Fed.R.Civ.P. 12(b)(6), and for failure to plead...

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