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RUSSO v. BRUCE

No. 08 Civ. 10631(SHS).

777 F.Supp.2d 505 (2011)

Daniel T. RUSSO, on behalf of himself and all others similarly situated, Plaintiff, v. Todd BRUCE, Gordon M. Thompson, Marc J. Oppenheimer, Robert A. Fung, and Crystallex International Corporation, Defendants.

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

March 28, 2011.

Attorney(s) appearing for the Case

Joseph Gentile , Ronen Sarraf , Sarraf Gentile LLP, New York, NY, for Plaintiffs and Movants.

Jay B. Kasner , Scott D. Musoff , Skadden, Arps, Slate, Meagher & Flom LLP, New York, NY, for Defendants.

OPINION & ORDER

SIDNEY H. STEIN, District Judge.

This securities fraud action against Crystallex International Corporation and certain of its officers and directors arises from the company's failure to obtain an environmental permit necessary to mine for gold in Venezuela. Plaintiffs and a putative class of Crystallex shareholders seek to recover losses resulting from defendants' allegedly fraudulent misrepresentations about the likelihood Crystallex...

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