Legal Opinion
Prime Mover Capital Partners L.P. v. Elixir Gaming Technologies, Inc.
District Court, S.D. New York
Decided September 27, 2012No. 10 Civ. 2737(LAK)PublishedCited by 9 opinions
1Opinion of the Court
MEMORANDUM OPINION
LEWIS A. KAPLAN, District Judge.
This is an action for damages in connection with plaintiffs’ purchases of shares of Elixir Gaming Technologies, Inc. (“EGT”). Plaintiffs sue under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”)1 and Rule 10b-5 thereunder,2 the Nevada Uniform Securities Act, and on various common law theories. They claim that the defendants made material misrepresentations that (1) inflated EGT’s share price, (2) caused them to purchase and hold EGT shares at that inflated price, and (3) injured them when the truth was made…
2Cases cited41 opinions
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- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- ATSI Communications, Inc. v. Shaar Fund, Ltd.Court of Appeals for the Second Circuit · 2007
- Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005
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3Cited by9 opinions
- Kaplan, Inc. v. YunDistrict Court, S.D. New York · 2014
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- Aston v. Johnson & JohnsonDistrict Court, District of Columbia · 2017
- Florio v. CantyDistrict Court, S.D. New York · 2013
- Becker v. Community Health Systems, Inc.Court of Appeals of Washington · 2014
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