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GOLDMAN v. BELDEN

No. CIV-82-869T.

580 F.Supp. 1373 (1984)

Steven GOLDMAN, on behalf of himself and all others similarly situated, Plaintiff, v. G.C. BELDEN, Jr., John R. Sykes, Robert F. Sykes and Sykes Datatronics, Inc., Defendants.

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

February 24, 1984.

Attorney(s) appearing for the Case

Handelman & Witkowicz, Rochester, N.Y. (Martin S. Handelman, Rochester, N.Y., of counsel), Barrock, Rodos & Bacine, Philadelphia, Pa. (Gerald Rodos, Philadelphia, Pa., of counsel), Milberg, Weiss, Bershad, Specthrie & Lerach, New York City (Melvin I. Weiss, New York City, of counsel), for plaintiff.

Harter, Secrest & Emery, Rochester, N.Y. (Kenneth Payment, Rochester, N.Y., of counsel), for defendants.

MEMORANDUM DECISION and ORDER

TELESCA, District Judge.

BACKGROUND

Plaintiff, personally and purportedly as a representative of others similarly situated, commenced this action against Sykes Datatronics, Inc., ("Sykes") and several of its directors and officers alleging violations of Section 10b of the Securities Exchange Act of 1934, 15 U.S.C. Section 78j(b), and Rule 10b-5, 17 C.F.R. Section 240.10b-5, promulgated thereunder. Defendants initially...

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