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GIANT GROUP, LTD. v. SANDS

No. 00 CIV. 7578(RWS).

142 F.Supp.2d 503 (2001)

GIANT GROUP, LTD., Plaintiff, v. Glenn SANDS; Arthur Andersen LLP; L.H. Friend, Weinress, Frankson & Presson, Inc.; and Friedman Alpren & Green LLP, Defendants.

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

May 16, 2001.

Attorney(s) appearing for the Case

Storch Amini & Munves, New York City, Steven G. Storch, Bijan Amini, of counsel, for Plaintiff.

Nesenoff & Miltenberg, New York City, Andrew T. Mittenberg, Janie Chen, of counsel, for Defendant Glenn Sands.

Rosenman & Colin, New York City, Alan I. Raylesberg, Steven M. Haber, Julie Pechersky, of counsel, for Defendant Arthur Andersen.

Grant, Genovese & Baratta, Irvine, CA, David C. Grant, of counsel, for Defendant L.H. Friend, Weinress, Frankson & Presson, Inc.

Parker Chapin, New York City, Stephen G. Rinehart, of counsel, for Defendant Friedman Alpren & Green.

OPINION

SWEET, District Judge.

Defendants Arthur Anderson LLP ("Anderson"), Friedman Alpren & Green LLP ("Friedman") and Glenn Sands ("Sands") have each filed motions to dismiss this securities fraud action pursuant to Rules 9(b) and 12(b) of the Federal Rules of Civil Procedure. Plaintiff Giant Group, Ltd. ("Giant") opposes the motions. For the reasons set forth below, the motions will be granted.

The Parties

Giant is...

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