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GRECO v. LOCAL.COM CORP.

No. 09 Civ.2016(LBS).

806 F.Supp.2d 653 (2011)

Stephen GRECO, Plaintiff, v. LOCAL.COM CORPORATION and Hearst Communications, Inc., Defendants.

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

January 18, 2011.

Attorney(s) appearing for the Case

Lee Albert , Benjamin Delalio Bianco , Gregory Bradley Linkh , Marvin Lawrence Frank , Murray, Frank & Sailer, LLP, New York, NY, Michael D. Braun , Braun Law Group, P.C., Los Angeles, CA, for Plaintiff.

Jonathan Louis Fried , Kramer Levin Naftalis & Frankel, LLP, Alan Mansfield , Candace Marie Camarata , Peter Yu, Jr. , Greenberg Traurig, LLP, New York, NY, David Anthony Theaker , Frank E. Merideth, Jr. , Greenberg Traurig, L.L.P., Santa Monica, CA, for Defendants.

OPINION & ORDER

SAND, District Judge.

Plaintiff Stephen Greco, a common stock shareholder of nominal Defendant Local. com Corporation ("Local.com"), brings this derivative action alleging that Defendant Hearst Communications, Inc. ("Hearst") purchased securities of Local. com in violation of section 16(b) of the Securities Exchange Act of 1934 ("section 16(b)"). Hearst now moves for leave to...

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