Stevens v. InPhonic, Inc.
District Court, District of Columbia
1Opinion of the Court
MEMORANDUM OPINION
REGGIE B. WALTON, District Judge.
On May 5, 2008, the plaintiffs, purchasers of common stock from InPhonic, Inc. (“InPhonic”), filed them First Amended Class Action Complaint (“Am. Compl.”) alleging that between May 8, 2006, and October 11, 2007 (the “Class Period”), Am. Compl. ¶ 1, the defendants, David A. Steinberg (“Steinberg”), InPhonic’s Chief Executive Officer (“CEO”) and Chairman of the Board of Directors, and Lawrence S. Winkler (“Winkler”), InPhonic’s Chief Financial Officer (“CFO”) and Treasurer, violated §§ 10(b) and 20(a) of the Securities Exchange Act of 1934 (15…
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