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ROSELINK INVESTORS, L.L.C. v. SHENKMAN

No. 01CIV7176(MBM).

386 F.Supp.2d 209 (2004)

ROSELINK INVESTORS, L.L.C., a New Jersey Limited Liability Company, Zigmunt Wilf, Bne Associates, a New Jersey partnership, David Halpern, Davanne Realty Co., Inc., a corporation, and Andrew Abramson, Plaintiffs, v. Mark R. SHENKMAN and Charles R. Cumello, Defendants.

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

May 19, 2004.

Attorney(s) appearing for the Case

Jeffrey M. Garrod, Orloff Lowenbach Stifelman & Siegel, Roseland, NJ, for Plaintiffs.

Thomas J. Fleming, Patrick L. Gibson, Olshan Grundman Frome Rosenzweig & Wolosky, New York, NY, for Defendants.

OPINION AND ORDER

MUKASEY, District Judge.

Plaintiffs Roselink Investors, L.L.C., Zigmunt Wilf, BNE Associates, David Halpern, Davanne Realty Co., Inc., and Andrew Abramson (collectively "Creditors") purchased Units offered in a private offering by Crown Books Corp. ("Crown Books") and Crownbooks.com ("CB.com"), a wholly-owned subsidiary of Crown Books responsible for Crown Books' Internet sales. Creditors purchased the Units in exchange for (i) a promissory...

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