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ABBAD v. AMMAN

No. 02 CIV.4188(LAP).

285 F.Supp.2d 411 (2003)

Selim ABBAD, et al., Plaintiffs, v. Robert J. AMMAN, Duncan Lewis, Grier C. Raclin, and Robert A. Schriesheim, Defendants.

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

September 30, 2003.

Attorney(s) appearing for the Case

Robert A. O'Hare, Jr., Christopher P. Parnagian, O'Hare, Parnagian, LLP, New York City, David A. Fleissig, New York City, for plaintiffs.

MEMORANDUM AND ORDER

PRESKA, District Judge.

Plaintiffs, 103 individual former stockholders of now-bankrupt Global TeleSystems, Inc. ("GTS" or the "company"), bring this securities fraud action asserting in their First Amended Complaint (the "Complaint" or "Compl.") that they were injured by the fraudulent acts of defendants Robert J. Amman ("Amman"), Duncan Lewis ("Lewis"), Grier C. Raclin ("Raclin") and Robert A. Schriesheim ("Schriesheim") (collectively...

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