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YUNG v. LEE

Docket No. 04-3130 CV(L), 04-3320 CV(XAP).

432 F.3d 142 (2005)

Billy YUNG and Yung Yau, Plaintiffs-Appellants-Cross-Appellees, v. Andrew LEE, Defendant-Appellee, BDO International and BDO Binder, Defendants-Cross-Defendants-Appellees-Cross-Appellants, BDO Seidman, LLP, Defendant-Cross-Defendant-Appellee, Integrated Transportation Network Group, Inc. and Wu Zhi Jian, Defendants.

United States Court of Appeals, Second Circuit.

Decided: December 13, 2005.

Attorney(s) appearing for the Case

Steven J. Cohen, Wachtel & Masyr, LLP, New York, New York, for Plaintiffs-Appellants-Cross-Appellees.

Christopher H. Lunding, Cleary, Gottlieb, Steen & Hamilton, New York, New York (Inna Reznik, of counsel), for Defendants-Cross-Defendants-Appellees-Cross-Appellants BDO International and BDO Binder.

Greg A. Danilow, Weil, Gotshal & Manges LLP, New York, New York, for Defendant-Cross-Defendant-Appellee BDO Seidman, LLP.

Before: JACOBS, SACK, and RAGGI, Circuit Judges.

RAGGI, Circuit Judge.

Plaintiffs Billy Yung and Yung Yau purchased securities offered privately by Integrated Transportation Network Group, Inc. ("ITNG"). They now appeal from a judgment of the United States District Court for the Southern District of New York (Deborah A. Batts, Judge), entered on May 11, 2004, which made final an order dated September 5, 2002, dismissing federal claims brought under Sections 12(a)(2) and 15 of the Securities Act of 1933 (...

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