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EMERGENT CAPITAL INV. MGMT. v. STONEPATH GROUP

No. 00 CIV. 7723(RWS).

195 F.Supp.2d 551 (2002)

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.

April 16, 2002.

Attorney(s) appearing for the Case

Heller, Horowitz & Feit, New York, NY, Martin Stein, Esq., Of Counsel, for Plaintiff.

Kasowitz, Benson, Torres & Friedman, New York, NY, James J. Stricker, Esq., Of Counsel, Klehr, Harrison, Harvey, Branzburg & Ellers, Philadelphia, PA, Richard M. Beck, Esq., Of Counsel, 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 Fed.R.Civ.P. 12(b)(6) to dismiss the second amended complaint of plaintiff Emergent Capital Investment Management LLC ("Emergent").

For the following reasons, that motion is granted.

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