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INTELLIGENT DIGITAL SYS. v. VISUAL MANAGEMENT SYS.

No. CV 09-974.

683 F.Supp.2d 278 (2010)

INTELLIGENT DIGITAL SYSTEMS, LLC, Russ & Russ PC Defined Benefit Pension Plan and Jay Edmond Russ, Plaintiffs, v. VISUAL MANAGEMENT SYSTEMS, INC., Jason Gonzalez, Howard Herman, Robert Moe, Michael Ryan, Col. Jack Jacobs, Ret., and Marty McFeely, Defendants.

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

January 28, 2010.

Attorney(s) appearing for the Case

Ira Levine, Esq., Great Neck, NY, Reed Smith LLP, by Paul E. Breene, Esq., New York, NY, Attorneys for Plaintiffs.

Certilman Balin Adler & Hyman, LLP, by Martin P. Unger, Esq., Paul B. Sweeney, Esq., East Meadow, NY, Attorneys for Defendants.

MEMORANDUM AND ORDER

WEXLER, District Judge:

This is a case that arises out of the parties' business relationship which, in general terms, involved the sale of Plaintiffs' proprietary technology, and related business to Visual Management Systems, Inc, the Defendant company ("VMS"). The parties' transaction involved a sale of assets, a consulting agreement, and an unsecured convertible promissory note...

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