HUNT v. ENZO BIOCHEM, INC.

No. 06 Civ. 170(SAS).

471 F.Supp.2d 390 (2006)

Francis Scott HUNT and Sundra Cheri Hunt, individually and as Trustee, for Ian Christopher Hunt, Lawrence A. McMahon and Judith J. McMahon, Paul D. Cavanagh individually and as Trustee for the Paul D. Cavanagh Trust, Virginia Pope and Ken Roberts, Plaintiffs, v. ENZO BIOCHEM, INC., Heiman Gross, Barry Weiner, Elazar Rabbani, Sharim Rabbani, John Delucca, Dean Engelhart and John Does 1-50, Defendants.

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

December 11, 2006.


Attorney(s) appearing for the Case

Michael J. Rovell, Alyssa E. Griffin, Law Offices of Michael J. Rovell, Chicago, IL, Daniel Eigerman, New York City, J. Stephen Walker, Law Offices of J. Stephen Walker, P.C., Ontonagon, MI, for Plaintiffs.

Donald H. Chase, Morrison Cohen, LLP, New York City, for the Enzo Defendants.

Angelo Anthony Stio, III, Pepper Hamilton LLP, Princeton, NJ, for Defendant Heiman Gross.


OPINION AND ORDER

SCHEINDLIN, District Judge.

I. INTRODUCTION

A group of investors bring this action for common law fraud in connection with the purchase and holding of Enzo Biochem, Inc. ("Enzo") securities, against the corporation, certain of its officers and directors (collectively, the "Enzo defendants") and one outside consultant Enzo has been a, public company since 1970, engaged...

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