Petruzzi v. Kobrin

BACHMAN, J.S.C.

This is a securities fraud action. Plaintiffs second amended complaint contains 21 separate counts alleging various acts of fraud and securities violations against four individual defendants and a securities firm. Defendant Kobrin moves to dismiss the complaints against him. Defendant’s motion is made under R. 4:6-4 and R. 4:5-4, based on plaintiff’s failure to plead with specificity, and the fact that certain of the claims were barred by applicable statutes of limitation. A hearing was held before this court on June 23, 1989. Reviewing the complaint count by count, this court…