Legal Opinion
Abbad v. Amman
District Court, S.D. New York
Decided September 30, 2003No. 02 CIV.4188(LAP)PublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
PRESKA, District Judge.
Plaintiffs, 108 individual former stockholders of now-bankrupt Global TeleSys-tems, Inc. (“GTS” or the “company”), bring this securities fraud action asserting in their First Amended Complaint (the “Complaint” or “Compl.”) that they were injured by the fraudulent acts of defendants Robert J. Amman (“Amman”), Duncan Lewis (“Lewis”), Grier C. Raclin (“Ra-clin”) and Robert A. Schriesheim (“Schriesheim”) (collectively, the “defendants”), in violation of Section 10(b) of the Securities Exchange Act of 1934,15 U.S.C. § 78j(b) (“Section 10(b)”) and Rule…
2Cases cited23 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Scheuer v. RhodesSupreme Court of the United States · 1974
- Sarah B. Shields, Individually and as Representative of All Others Similarly Situated v. Citytrust Bancorp, Inc., George F. Taylor and Irwin EngelmanCourt of Appeals for the Second Circuit · 1994
- Mills v. Polar Molecular Corp.Court of Appeals for the Second Circuit · 1993
- Miree v. DeKalb CountySupreme Court of the United States · 1977
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3Cited by2 opinions
- In Re PXRE Group, Ltd., Securities LitigationDistrict Court, S.D. New York · 2009
- Abbad v. AmmanCourt of Appeals for the Second Circuit · 2004