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RECURRENT CAPITAL BRIDGE FUND I v. ISR SYSTEMS

No. 12 Civ. 772 (SAS).

875 F.Supp.2d 297 (2012)

RECURRENT CAPITAL BRIDGE FUND I, LLC, Cragmont Capital LLC and Ethan Einwohner, Plaintiffs, v. ISR SYSTEMS AND SENSORS CORP., EMX Group, Inc., EMX; International, Inc., EMX International LLC, James M. Herrmann, Robert V. Gibbs and Timothy Arion, Defendants.

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

June 25, 2012.

Attorney(s) appearing for the Case

Matthew J. Press, Esq., Law Office of Matthew J. Press, New York, NY, for Plaintiffs.

Scott S. Flynn, Esq., McElroy, Deutsch, Mulvaney & Carpenter LLP, Morristown, NJ, for Defendants.

OPINION AND ORDER

SHIRA A. SCHEINDLIN, District Judge:

I. INTRODUCTION

Three investors, Recurrent Capital Bridge Fund ("Recurrent"), Cragmont Capital LLC ("Cragmont"), and individual investor Ethan Einwohner bring several causes of action under contract, tort, and equity against defendants in connection with the transfer of assets from an entity in which these investors held shares to an entity in which they did not. Plaintiffs allege that...

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