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LERNER v. MILLENCO, L.P.

No. 97 CIV. 9226(SAS).

23 F.Supp.2d 337 (1998)

Jack LERNER, derivatively on behalf of EA Industries, Inc., Plaintiff, v. MILLENCO, L.P., Defendant.

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

August 11, 1998.

Attorney(s) appearing for the Case

Jeffrey S. Abraham, Law Offices of Jeffrey S. Abraham, Jack Fruchter, Mitchell M.Z. Twersky, Fruchter & Twersky, New York, for Plaintiff.

Theodore Altman, Jon D. Kaplon, Gordon, Altman, Butowsky, Weitzen, Shalov & Wein, New York, for Defendant.

OPINION AND ORDER

SCHEINDLIN, District Judge.

Plaintiff Jack Lerner brings this action derivatively on behalf of EA Industries, Inc. ("EA") pursuant to Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act"), 15 U.S.C. § 78p(b), seeking the disgorgement of profits realized by defendant Millenco, L.P. ("Millenco") from certain purchases and sales of EA equity securities. Defendant moves to dismiss pursuant to Fed. R.Civ.P. 12...

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