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EDITEK, INC. v. MORGAN CAPITAL, L.L.C.

Civ. No. 97-253/RHK/JMM.

974 F.Supp. 1229 (1997)

EDITEK, INC., Plaintiff, v. MORGAN CAPITAL, L.L.C., Alex Bistricer and David Bistricer, Defendants.

United States District Court, D. Minnesota.

August 4, 1997.

Attorney(s) appearing for the Case

Frank A. Taylor and Gregory J. Schaefer, Hinshaw and Culbertson, Minneapolis, MN, for Plaintiff.

George F. McGunnigle and Michael A.G. Korengold, Leonard, Street and Deinard, Minneapolis, MN; and Dennis J. Block, Irwin H. Warren, and Michelle L. Roth, Weil, Gotshal and Manges LLP, New York City, for Defendants.

MEMORANDUM OPINION AND ORDER

KYLE, District Judge.

Introduction

Plaintiff Editek, Inc. ("Editek") brings this action against Defendants Morgan Capital, L.L.C. ("Morgan Capital"), and Alex and David Bistricer ("the Bistricers") (collectively "Defendants"), alleging violation of Section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78p(b), in connection with Defendants' sale of Editek stock. This matter is before the Court on Defendants...

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