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YANG v. ODOM

Nos. Civ. A. 02-5968(JAP), Civ. A. 03-725(JAP).

265 F.Supp.2d 469 (2003)

Pedro YANG, Carol Jackson, and Peter S. Kelsch, on behalf of themselves and all persons similarly situated, Plaintiffs, v. Steven A. ODOM, Mark Gergel, Hensley E. West, Martin D. kidder and Stephen J. Clearman, Defendants. James Barberian, and Joseph and Karen Kinosian, on behalf of themselves and all persons similarly situated, Plaintiffs, v. Steven A. Odom, Mark Gergel, Hensley E. West, Martin D. Kidder and Stephen J. Clearman, Defendants.

United States District Court, D. New Jersey.

June 4, 2003.

Attorney(s) appearing for the Case

Allyn Z. Lite, Esq., Joseph J. DePalma, Esq., Mary Jean Pizza, Esq., Lite Depalma Greenberg & Rivas, LLC, Newark, NJ, for Plaintiffs.

William B. McGuire, Esq., Tompkins, McGuire, Wachenfeld & Barry, Newark, NJ, J. David Dantzler, Jr., Esq., J. Timothy Mast, Esq., McKenna Long & Aldridge, LLP, Atlanta, GA, for Defendants.

OPINION

PISANO, District Judge.

I. INTRODUCTION

The instant consolidated actions arise out of allegations that Steven A. Odom, Mark Gergel, Hensley A. West, Martin D. Kidder, and Stephen J. Clearman ("Defendants"), in their capacities as officers and/or directors of World Access, Inc., a publicly held telecommunications company headquartered in Atlanta, Georgia,1 were...

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