Milman v. Box Hill Systems Corp.

OPINION AND ORDER

SCHEINDLIN, District Judge.

Plaintiff Lawrence Milman, on behalf of himself and all others similarly situated, brings this securities fraud class-action lawsuit against Box Hill Systems Corp., a corporation in which Plaintiffs purchased stock through a public offering (“Box Hill” or “the Company”); Salomon Smith Barney Inc. and Nationsbanc Montgomery Securities Inc., investment banks serving as underwriters for that offering (“Underwriters” or “Underwriter Defendants”); and four officers of Box Hill whom Plaintiffs allege received substantial financial benefit as a result of…