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FRATERNITY FUND v. BEACON HILL ASSET MANAGEMENT

No. 03 CIV.2387(LAK).

371 F.Supp.2d 571 (2005)

FRATERNITY FUND LTD., et al., Plaintiffs, v. BEACON HILL ASSET MANAGEMENT LLC, et al., Defendants.

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

June 6, 2005.

Attorney(s) appearing for the Case

Scott M. Berman, Emilio A. Galvan, Brown Rudnick Berlack Israels LLP, for Plaintiffs.

Seth M. Schwartz, Jonathan Frank, Edward Flis, Skadden Arps Slate Meagher & Flom LLP, for Defendants Asset Alliance Corporation and Milestone Global Advisors, L.P.

MEMORANDUM OPINION

KAPLAN, District Judge.

This securities fraud action is before the Court on a motion by defendants Milestone Global Advisors, L.P. ("Milestone Global") and Asset Alliance Corporation ("Asset Alliance") to dismiss the claims by plaintiffs Balentine Global Hedge Fund, L.P. ("Balentine Global") and Balentine Global Hedge Fund Select, L.P. ("Balentine Select") (collectively, the "Balentine...

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