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LALONDRIZ v. USA NETWORKS, INC.

No. 99 Civ. 1711.

68 F.Supp.2d 285 (1999)

Pauline LALONDRIZ, on behalf of herself and all other others similarly, situated, Plaintiff, v. USA NETWORKS, INC., et al., Defendant.

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

September 24, 1999.

Attorney(s) appearing for the Case

Rubin & Monahan, Chartered, Ronald B. Rubin, Weschler, Harwood, Halebian & Feffer, LLP, Daniella Quitt, New York City, for plaintiffs.

Orrick, Herrington & Sutcliffe, LLP, Barbara Moses, New York City, for defendants.

Willkie, Farr & Gallagher, Elizabeth S. Strong, for Amicus Curie Securities Industry Association.

MEMORANDUM AND ORDER

OWEN, District Judge.

Plaintiff, asserting a class, commenced this action on behalf of holders of USA Networks' stock in New York State court, alleging that a certain press release of USA constituted a breach of fiduciary duty under Delaware law. Defendants removed to federal court, arguing that this was under federal law a) a "covered security", b) the claim actually alleges a misrepresentation with regard to the purchase or...

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