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FS PHOTO, INC. v. PICTUREVISION, INC.

No. Civ.A. 98-378 MMS.

48 F.Supp.2d 442 (1999)

FS PHOTO, INC., a Delaware corporation, Larry G. Settle and David G. Settle, Plaintiffs, v. PICTUREVISION, INC., a Delaware corporation, Philip G. Garfinkle, Yaacov Ben-Yaacov, Ed Glassmeyer and Robert Kagle, Defendants.

United States District Court, D. Delaware.

April 23, 1999.

Attorney(s) appearing for the Case

Andre G. Bouchard, Joel Friedlander, of Bouchard Friedlander & MaloneyHuss, Wilmington, Delaware, for plaintiff.

Lawrence C. Ashby, of Ashby & Geddes, of counsel, Barry H. Berke, Timothy J. Helwick, of Kramer, Levin, Naftalis & Frankel, New York City, for defendants.

OPINION

SCHWARTZ, Senior District Judge.

INTRODUCTION

Plaintiffs FS Photo, Inc., ("FS Photo"), its Chairman Larry G. Settle ("L.Settle") and President David G. Settle ("D.Settle") brought suit against PictureVision, Inc. ("PictureVision"), and its directors claiming that the defendants violated section 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") when they committed fraud in connection with the purchase and sale of securities...

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