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SELLIN v. RX PLUS, INC.

No. 88 Civ. 3482 (PKL).

730 F.Supp. 1289 (1990)

Alison Anne SELLIN and Daniel Kampel, Plaintiffs, v. Rx PLUS, INC., Medi-Rx America, Inc, Sidney M. Karabel, Gary Takata, Ronald M. Urvater, Rajan K. Pillai and Pillai, Brick & Roseman, Defendants.

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

February 26, 1990.

Attorney(s) appearing for the Case

Rogovin Golub Bernstein & Wexler, New York City (Harold J. Pokel, of counsel), for plaintiffs.

Jackson & Nash, New York City (Christopher S. Rooney, Lisa S. Tankoos, of counsel), for defendants Rajan K. Pillai and Pillai, Brick & Roseman.

LEISURE, District Judge.

This is a securities fraud action under Section 12 of the Securities Act of 1933, 15 U.S.C. § 77l. Defendants Rajan K. Pillai and Pillai, Brick & Roseman have moved for summary judgment on all claims against them in this action.

BACKGROUND

This case arises out of a stock offering by defendant Rx Plus, Inc. ("Rx Plus"), a subsidiary of defendant Medi-Rx America, Inc. ("Medi-Rx"). Medi-Rx is a Delaware corporation...

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