Fischer v. CJ Lawrence & Co., Inc.

MEMORANDUM AND ORDER

OWEN, District Judge.

Defendants C. J. Lawrence & Company, Inc. (“CJL”) and Cyrus J. Lawrence Incorporated (“Lawrence”) have moved for summary judgment dismissing all five claims in the complaint. Alternatively, defendants move to dismiss the second and third claims for failure to plead fraud with sufficient particularity.

Plaintiffs are former officers of Lawrence, a Delaware corporation wholly owned by CJL. They each acquired shares of CJL common stock in connection with Lawrence’s succession to the general securities business of Cyrus J. Lawrence & Sons (“Sons”), a New…