GRIFFIN v. PAINEWEBBER INC.

No. 99 CIV. 2292(RWS).

84 F.Supp.2d 508 (2000)

Arthur James GRIFFIN, III, Individually and on Behalf of all Others Similarly Situated, Plaintiffs, v. PAINEWEBBER INCORPORATED, CIBC Wood Gundy Securities Corp., Furman Selz, Garth Drabinsky, Myron I. Gottlieb, Robert Topol, Gordon Eckstein, Thomas H. Lee and Deloitte & Touche, Chartered Accountants, Defendants.

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

February 14, 2000.


Attorney(s) appearing for the Case

Beatie and Osborn, New York City (Daniel A. Osborn, of Counsel), Berger & Montague, Philadelphia, PA (Sherrie R. Savett, Jeanne A. Markey, Arthur Stock, of Counsel), Schiffrin & Barroway, Bala Cynwyd, PA (Marc A. Topaz, of Counsel), for Plaintiff.

Cahill Gordon & Reindel, New York City (Charles A. Gilman, David G. Januszewski, of Counsel), for Defendants Paine-Webber and Furman Selz.

Schulte Roth & Zabel, New York City (Howard O. Godnick, of Counsel), for Defendant CIBC Wood Gundy Securities Corp.

Fried, Frank, Harris, Shriver & Jacobson, New York City (Harvey L. Pitt, Mark J. Stein, of Counsel), for Defendant Garth H. Drabinsky.

Richards Spears Kibbe & Orbe, New York City (Lee S. Richards, Daniel C. Zinman, of Counsel), for Defendant Myron Gottlieb.

Davis Weber & Edwards, New York City (Sidney Davis, Stacy Kellner Rosenberg, of Counsel), for Defendant Robert Topol.

Gibson, Dunn & Crutcher, New York City (John T. Behrendt, Peter J. Beshar, Deborah Verdile, of Counsel), for Defendant Deloitte & Touche.


OPINION

SWEET, District Judge.

Defendants Garth A. Drabinsky ("Drabinsky"), Myron Gottlieb ("Gottlieb"), Robert Topol ("Topol"), Thomas H. Lee ("Lee"), PaineWebber Inc. ("Paine-Webber"), Furman Selz ("Selz"), CIBC Wood Gundy Securities Corp. ("CIBC"), and Deloitte & Touche Canada ("D & T"), have moved to dismiss this action, pursuant to Rules 9(b) and 12(b)(6) of the Federal Rules of Civil Procedure. Additionally, Drabinsky, Gottlieb, Topol...

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