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CASTLEROCK MANAGEMENT v. ULTRALIFE BATTERIES, INC.

No. CIV.A. 98-3619 MTB.

68 F.Supp.2d 480 (1999)

CASTLEROCK MANAGEMENT, LTD., Charles Burns, Stanley Ostern, Shamsuddin Sajan and Babak Honaryar on behalf of themselves and all others similarly situated, Plaintiffs, v. ULTRALIFE BATTERIES, INC., Bruce Jagid, Martin G. Rosansky, Joseph N. Barella, Frederick F. Drulard, Joseph C. Abeles, Arthur M. Lieberman, Richard A. Hansen, Carl H. Rosner, Lehman Brothers, A.G. Edwards & Sons, Inc., Pennsylvania Group, Ltd., Defendants.

United States District Court, D. New Jersey.

September 28, 1999.

Attorney(s) appearing for the Case

Allyn Z. Lite, Joseph J. DePalma, Goldstein Lite & DePalma, Newark, NJ, Herbert E. Milstein, Daniel S. Sommers, Mark S. Willis, Cohen Milstein Hausfeld & Toll, Washington, DC, Steven J. Toll, Cohen Milstein Hausfeld & Toll, Seattle, WA, for Plaintiffs.

Howard D. Cohen, Stern & Greenberg, Roseland, NJ, Edward S. Feig, Susan Sawyer, Baer Marks & Upham, New York City, for Defendants Ultralife Batteries, Inc., Bruce Jagid, Martin G. Rosansky, Joseph N. Barella, Frederick F. Drulard, Joseph C. Abeles, Arthur M. Lieberman, Richard A. Hansen, and Carl H. Rosen.

Jeffrey J. Greenbaum, Sills Cummis Radin Tischman Epstein & Gross, Newark, NJ, Michael J. Chepiga, Simpson Thacher & Barlett, New York City, for Defendants Lehman Brothers Inc., A.G. Edwards & Sons, Inc., and Pennsylvania Merchant Group, Ltd.

OPINION

BARRY, District Judge.

This matter comes before the court on a motion to dismiss plaintiffs' two count amended complaint filed by Ultralife Batteries, Inc. ("ULBI"), Bruce Jagid, Martin G. Rosansky, Joseph N. Barella, Frederick F. Drulard, Joseph C. Abeles, Arthur M. Lieberman, Richard A. Hansen, Carl H. Rosner (collectively as "the Individual Defendants"),1 Lehman Brothers, A.G. Edwards & Sons, Inc., Pennsylvania...

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