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KALNIT v. EICHLER

No. 99 Civ. 3306(SAS).

99 F.Supp.2d 327 (2000)

Richard L. KALNIT, Plaintiff, v. Frank M. EICHLER, Robert L. Crandall, Charles P. Russ, III, Pierson M. Grieve, Louis A. Simpson, Allan D. Gilmour, Charles M. Lillis, Grant A. Dove, John Slevin, Kathleen A. Cote, Daniel W. Yohannes, and Mediaone Group, Inc., Defendants.

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

March 24, 2000.

Attorney(s) appearing for the Case

Lee Squitieri, Stephen J. Fearon, Jr., Abbey, Gardy & Squitieri, LLP, New York City, for plaintiff.

Dennis J. Block, James M. Halper, Cadwalader, Wickersham & Taft, New York City, for defendants.

OPINION AND ORDER

SCHEINDLIN, District Judge.

This is an uncertified securities fraud class action brought by plaintiff Richard L. Kalnit against MediaOne Group Inc. ("MediaOne") and its eleven directors.1 Plaintiff alleges that defendants violated section 10(b) of the Securities Exchange Act of 1934 (the "Exchange Act"), 15 U.S.C. § 78j(b), and Rule 10b-5 promulgated thereunder, 17 C.F.R. § 240.10b-5, by fraudulently...

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