Greco v. Local.Com Corp.
District Court, S.D. New York
1Opinion of the Court
*655 OPINION & ORDER
SAND, District Judge.
Plaintiff Stephen Greco, a common stock shareholder of nominal Defendant Local.com Corporation (“Local.com”), brings this derivative action alleging that Defendant Hearst Communications, Inc. (“Hearst”) purchased securities of Local.com in violation of section 16(b) of the Securities Exchange Act of 1934 (“section 16(b)”). Hearst now moves for leave to amend its answer to assert the affirmative defenses of res judicata and collateral estoppel, and for summary judgment dismissing Plaintiffs Complaint based on these defenses. This Court has jurisdiction…
2Cases cited23 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Foman v. DavisSupreme Court of the United States · 1962
- Allen v. McCurrySupreme Court of the United States · 1980
- Parklane Hosiery Co. v. ShoreSupreme Court of the United States · 1979
- Ricciuti v. N.Y.C. Transit AuthorityCourt of Appeals for the Second Circuit · 1991
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