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EMERGENT CAPITAL INV. MANAGE. v. STONEPATH GROUP

No. 00 CV 7723 (RWS).

165 F.Supp.2d 615 (2001)

EMERGENT CAPITAL INVESTMENT MANAGEMENT, LLC, Plaintiff, v. STONEPATH GROUP, INC. (previously known as Net Value Holdings, Inc.), Andrew Panzo, and Less Hansen, Defendants.

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

October 2, 2001.

Attorney(s) appearing for the Case

Heller, Horowitz & Feit by Martin Stein, New York City, for Plaintiff.

Kasowitz, Benson, Torres & Friedman by James J. Stricker, New York City, Klehr, Harrison, Harvey, Branzburg & Ellers by Richard M. Beck, Philadelphia, PA, for Defendants.

OPINION

SWEET, District Judge.

Defendants Stonepath Group, Inc. ("Stonepath"), previously known as Net Value Holdings, Inc. ("NETV"), Andrew Panzo ("Panzo") and Lee Hansen ("Hansen"), have moved pursuant to Rule 56, Fed. R.Civ.P., for summary judgment to dismiss the complaint of plaintiff Emergent Capital Investment Management, LLC ("Emergent") in action 00 Civ. 7723 (the "Initial Action"). The defendants...

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