CMG Worldwide, Inc. v. Glaser

ENTRY ON DEFENDANTS’ REQUEST FOR RULE 11 SANCTIONS

RICHARD L. YOUNG, Chief Judge.'

On January 9, 2015, the court dismissed Plaintiff CMG Worldwide, Inc.’s, Complaint for failure to state a claim upon which relief can be granted. Count III alleged Defendants violated Section 10(b) under the Securities and Exchange Act of 1934 (“Securities Act”) and Rule 10b-5; and Count IV alleged Defendants violated Section 20(a) of the Act. Having finally adjudicated this action, the court is now required, pursuant to the Private Securities Litigation Reform Act (“PSLRA”), to make “specific findings regarding…