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FAULKNER v. VERIZON COMMUNICATIONS, INC.

No. 01 CIV.1846(WCC).

189 F.Supp.2d 161 (2002)

John FAULKNER, William Campaigne; Harry Haidet; Coolidge C. Elder as Trustee on Behalf of the Coolidge C. and Hildegard N. Elder Revocable Trust; Eugene T. Beynon; Charles R. Berkley as Trustee on Behalf of the Charles R. Berkley and Geraldine E. Berkley Revocable Trust; George Hoffman; and Rayford M. Shelton, Plaintiffs, v. VERIZON COMMUNICATIONS, INC., Defendant.

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

March 22, 2002.

Attorney(s) appearing for the Case

Lowey Dannenberg Bemporad & Selinger, P.C. (Stephen Lowey, Esq., Richard Bemporad, Esq., David C. Harrison, Esq., Michelle Rago, Esq., Of Counsel), White Plains, NY, for Plaintiffs.

Kirkland & Ellis (William H. Pratt, Esq., Frank Holozubiec, Esq., Vickie Reznik, Esq., Of Counsel), New York City, for Defendant.

OPINION AND ORDER

WILLIAM C. CONNER, District Judge.

Plaintiffs, purchasers of publicly traded notes issued by NorthPoint Communications Group, Inc. ("NorthPoint"), bring the instant action against defendant Verizon Communications, Inc. ("Verizon") pursuant to § 10(b) of the Securities and Exchange Act of 1934, 15 U.S.C. §§ 78j(b), and Rule 10b-5 promulgated thereunder, 17 C.F.R. § 240.10b-5, for alleged fraudulent misrepresentations...

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