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DEMARIA v. ANDERSEN

No. 00 CIV 2337 WHP.

153 F.Supp.2d 300 (2001)

Brian DEMARIA, Robert Brisken, Edward Sisco and Terry C. Whorton, individually and on behalf of all others similarly situated, Plaintiffs, v. William P. ANDERSEN, III, Peter W. Minford, Bruns H. Grayson, Peter C. Morse, Randall E. Poliner, ING Baring Furman Selz LLC, Warburg Dillon Read LLC, KPMG LLP and ILife.com, Inc., Defendants.

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

March 29, 2001.

Attorney(s) appearing for the Case

I. Stephen Rabin, Brian P. Murray, Rabin & Peckel, LLP, New York City, for Plaintiffs.

Jay B. Kasner, William A. McBride, Skadden, Arps, Slate, Meagher & Flom LLP, New York City, for Defendants ING Baring Furman Selz LLC and Warburg Dillon Read LLC.

Martin I. Kaminsky, Pollack & Kaminsky, New York City, for Defendant ILife.com, Inc. and individual defendants.

MEMORANDUM AND ORDER

PAULEY, District Judge.

This is a securities class action arising out of the May 13, 1999 initial public offering ("IPO") of ILife.com, Inc. (formerly known as Intelligent Life Corporation) in which the company issued 3,500,000 shares of common stock priced at $13 per share. Subsequent to the offering, on May 24, 1999, ILife announced its 1999 first quarter results, including an increase in net losses to $6,207,000 from $703,000...

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