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RAHBARI v. OROS

No. 08 Civ. 5843 (NRB).

732 F.Supp.2d 367 (2010)

Soheila RAHBARI, derivatively on behalf of Nominal Defendant Nex-Cen Brands, Inc., Plaintiff, v. David OROS, Robert W. D'Loren, James T. Brady, Paul Caine, Jack B. Dunn IV, Edward J. Mathias, Jack Rovner, George Stamas and Marvin Traub, Defendants, and NexCen Brands, Inc., Nominal Defendant.

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

July 30, 2010.

Attorney(s) appearing for the Case

William Bernard Federman, Federman & Sherwood, Oklahoma City, OK, for Plaintiff.

Jasmine McGhee, Kyle Martin Deyoung, Ryan P. Phair, Wilmer Cutler Pickering Hale & Dorr L.L.P., Washington, DC, Alan Schoenfeld, David Michael Burkoff, Lori Ann Martin, Wilmer, Cutler, Hale & Dorr, L.L.P., New York, NY, for NexCen Brands and all individual defendants except D'Loren.

Gregg M. Mashberg, John Hoover Snyder, Proskauer Rose LLP, New York, NY, for Defendant Robert W. D'Loren.

MEMORANDUM & ORDER

NAOMI REICE BUCHWALD, District Judge.

Plaintiff Soheila Rahbari brings this shareholder derivative complaint on behalf of nominal defendant NexCen Brands, Inc. alleging breach of fiduciary duty, abuse of control, gross mismanagement, unjust enrichment, and insider selling against the named individual directors' of NexCen from May 10, 2007 through the present based on their misrepresentations and failure to disclose known material adverse...

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