PRIME MOVER CAPITAL v. ELIXIR GAMING TECHNOLOGIES

No. 10 Civ. 2737(LAK).

898 F.Supp.2d 673 (2012)

PRIME MOVER CAPITAL PARTNERS L.P., et al., Plaintiffs, v. ELIXIR GAMING TECHNOLOGIES, INC., et al., Defendants.

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

September 27, 2012.


Attorney(s) appearing for the Case

Daniel A. Osborn , Osborn Law, P.C., for Plaintiffs.

Paul R. Bessette , Michael A. Piazza , Jesse Z. Weiss , Greenberg Traurig LLP, for Defendant Elixir Gaming Technologies, Inc. and the Individual Defendants.

David J. Schindler , Robert W. Perrin , Matthew L. Kutcher , Cameron Smith , Latham & Watkins LLP, for Defendant Elixir Group Limited.


MEMORANDUM OPINION

LEWIS A. KAPLAN, District Judge.

This is an action for damages in connection with plaintiffs' purchases of shares of Elixir Gaming Technologies, Inc. ("EGT"). Plaintiffs sue under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act")1 and Rule 10b-5 thereunder,2 the Nevada Uniform Securities Act, and on various common law theories. They claim that...

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