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SALINGER v. PROJECTAVISION, INC.

No. 95 Civ. 4862 (JGK).

934 F.Supp. 1402 (1996)

Joseph G. SALINGER, Alice R. Salinger, Martin T. Kelinson, Virgil P. Kincaid, and Helen M. Kincaid, Plaintiffs, v. PROJECTAVISION, INC., Marvin Maslow, Eugene Dolgoff, Martin J. Holleran, and Howard Ladd, Defendants.

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

July 25, 1996.

Attorney(s) appearing for the Case

Robert J. Berg, Law Offices of Robert J. Berg & Goldstein Till & Lite, Newark, New Jersey, Carol V. Gilden, Much Shelist Freed Denenberg Amert Bell & Rubenstein, Chicago, Illinois, for plaintiffs.

Mark L. Weyman, Ann S. Ginsberg, Anderson Kill Olick & Oshinsky, P.C., New York City, for defendants Projectavision, Maslow, Holleran, and Ladd.

John J. Gallagher, Adam H. Schuman, Corbin Silverman & Sanseverino, New York City, for defendant Dolgoff.

OPINION AND ORDER

KOELTL, District Judge.

This is an action for securities fraud based on allegedly false representations and omissions by the defendants in Projectavision, Inc.'s filings with the Securities and Exchange Commission ("SEC") its press releases, and other public statements. Projectavision is a Delaware corporation with its principal place of business in New York City. Projectavision's securities are publicly traded on the over-the-counter...

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