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LIBERTY RIDGE LLC v. REALTECH SYSTEMS CORP.

No. 01 Civ. 5974(MP).

173 F.Supp.2d 129 (2001)

LIBERTY RIDGE LLC v. REALTECH SYSTEMS CORP.

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

November 13, 2001.

Attorney(s) appearing for the Case

Lowenstein Sandler PC, (Michael S. Etkin, Steven M. Hecht and Sheila Sadighi, of counsel), New York City, for Plaintiffs.

Jenkins & Gilchrist Parker Chapin LLP (Stephen G. Rinehart, of counsel), New York City, for Defendants.

OPINION

MILTON POLLACK, Senior District Judge.

Plaintiffs are Liberty Ridge, LLC ("Liberty Ridge") and individual investors in Defendant RealTech Systems Corporation ("RealTech"). Plaintiffs claim that Defendants are liable under Sections 12, 15, and 20(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder. Plaintiffs also allege that defendants committed common law fraud, fraudulent...

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