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SCHWARTZ v. NOVO INDUSTRI, A/S

No. 85 Civ. 5500 (EW).

635 F.Supp. 1463 (1986)

Leonard S. SCHWARTZ, on behalf of himself and all others similarly situated, Plaintiff, v. NOVO INDUSTRI, A/S, Defendant.

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

June 16, 1986.

Attorney(s) appearing for the Case

Abbey & Ellis, New York City, for plaintiff; Arthur N. Abbey, of counsel.

Rosenman, Colin, Freund, Lewis & Cohen, New York City, for defendant; J. Kelley Nevling, Jr. and Peter Shapiro, of counsel.

OPINION

EDWARD WEINFELD, District Judge.

Plaintiff commenced this action under § 10(b) of the Securities Exchange Act of 1934,1 and Securities Exchange Commission ("SEC") Rule 10b-5 adopted pursuant thereto,2 alleging fraudulent misrepresentations in the sale of securities. Defendant Novo Industri ("Novo") is a Danish company which manufactures enzymes for industrial use, as well as products...

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