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MEDIS INVESTOR GROUP v. MEDIS TECHNOLOGIES

No. 07 Civ. 3230(PAC).

586 F.Supp.2d 136 (2008)

MEDIS INVESTOR GROUP, Plaintiff, v. MEDIS TECHNOLOGIES, LTD., Robert K. Lifton, and Andrew Udis, Defendants.

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

August 18, 2008.

Attorney(s) appearing for the Case

Phillip C. Kim, Laurence M. Rosen, The Rosen Law Firm, P.A., New York, N.Y., for Plaintiff.

Deborah H. Renner, Abigail D. Lauer, Benito Delfin, Jr., Sonnenschein Nath & Rosenthal LLP, New York, N.Y., for Defendants.

OPINION AND ORDER

PAUL A. CROTTY, District Judge.

This class action is brought on behalf of shareholders of Medis Technologies, Ltd. ("Medis" or the "Company") against: (1) Medis; (2) its Chief Executive Officer ("CEO") Robert K. Lifton ("Lifton"); and (3) its business development manager/marketing representative Andrew Udis ("Udis") (collectively, "Defendants"). In its First Amended Class Action Complaint ("Amended Complaint"), Plaintiff, a unit...

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