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PRAGER v. KNIGHT TRADING GROUP, INC.

No. CIV. 00-2677(DRD).

250 F.Supp.2d 412 (2001)

Yakov PRAGER, Individually and on behalf of all others similarly situated, Plaintiff, v. KNIGHT TRADING GROUP, INC. Knight Securities, L.P., and Kenneth D. Pasternak, Defendants.

United States District Court, D. New Jersey.

July 17, 2001.

Attorney(s) appearing for the Case

Gary S. Graifman, Esq., Kantrowitz, Goldhammer & Graifman, Montvale, Jules Brody, Esq., Mark Levine, Esq., Aaron Brody, Esq., Stull, Stull & Brody, New York City, for Plaintiff.

Robert J. Del Tufo, Esq., William P. Frank, Esq., Andrew Muscato, Esq., Skadden, Arps, Slate, Meagher & Flom, Newark, NY, for Defendants.

OPINION

DEBEVOISE, Senior District Judge.

On March 17, 2000, plaintiff filed this action against Knight/Trimark Group, Inc. and John Does 1-10 in the Superior Court of New Jersey, Hudson County. On June 2, 2000, defendants filed a notice of removal of this action to federal court pursuant to 15 U.S.C. § 78bb(f)(2) of the Securities Litigation Uniform Standards Act of 1998 ("SLUSA") because the case "involves a `covered security' " under the Act...

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