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DASSERO v. EDWARDS

No. 01-CV-6269L.

190 F.Supp.2d 544 (2002)

Raymond G. DASSERO, et al., Plaintiffs, v. Charles E. EDWARDS, et al., Defendants.

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

February 12, 2002.

Attorney(s) appearing for the Case

Warren B. Rosenbaum, Shapiro, Rosenbaum, Liebschutz & Nelson, LLP, Rochester, NY, for Plaintiffs.

Jeffrey S. Lichtman, Skadden, Arps, Slate, Meagher & Flom, LLP, New York City, for Metlife Securities, Inc. and Metropolitan Life Ins. Co.

Paul J. Yesawich, III, Harris Beach, LLP, Pittsford, NY, Michael K. Wolensky, Ethan H. Cohen, Atlanta, GA, for Charles E. Edwards.

DECISION AND ORDER

LARIMER, Chief Judge.

INTRODUCTION

This is an action under the federal securities fraud laws, commenced on May 29, 2001 by eight individual plaintiffs against defendant Charles E. Edwards and four other defendants. Plaintiffs' claims arise out of the sale by ETS Payphones, Inc. (a Georgia corporation, now in bankruptcy, of which Edwards was the President and Chief Executive Officer ("CEO")) to plaintiffs of customer-owned...

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