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FS PHOTO, INC. v. PICTUREVISION, INC.

No. CIV. A. 99-592-A.

61 F.Supp.2d 473 (1999)

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

United States District Court, E.D. Virginia, Alexandria Division.

September 24, 1999.

Attorney(s) appearing for the Case

William Lewis Stauffer, Jr., Stauffer, Mannix, Rommel, Decker & Dulaney, L.L.C., McLean, VA, Andre G. Bouchard, Bouchard, Friedlander & Maloneyhuss, Wilmington, DE, for Plaintiffs.

Susan Rebbeca Podolsky, Jenner & Block, Washington, DC, Lawrence C. Ashby, Ashby & Geddes, Wilmington, DE, for Defendants.

MEMORANDUM OPINION

ELLIS, District Judge.

In this federal and state securities fraud case, plaintiffs claim that defendants' fraudulent acts caused plaintiffs to exchange certain shares of Preferred Stock for shares of Common Stock at an artificially low ratio. The matter is now before the Court on defendants' motion to dismiss plaintiffs' claims under Rule 12(b)(6), Fed. R.Civ.P.

I.1

Plaintiff FS Photo, Inc...

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