United States Second Circuit

Securities fraud claim based on plaintiff's purchase of stock after alleged deception at a price lower than market value is frivolous and defendant company is entitled to attorney's fees under the Private Securities Litigation Reform Act and Rule 11.

Appellate Information

• Decided 12/19/2000
• Published 12/19/2000

Judges

• MINER, Circuit Judge:, Before WALKER, Chief Judge, and MINER and POOLER, Circuit Judges.

Court

• United States Second Circuit

Counsel

• For Appellees:
  
• Martin E. Karlinsky,Camhy Karlinsky & Stein LLP, New York, N.Y. (Douglas A. Amedeo, Camhy Karlinsky & Stein LLP, New York, NY, on the brief), for Defendant-Appellant., David Jaroslawicz, Jaroslawicz & Jaros, New York, N.Y. (Robert J. Tolchin, Jaroslawicz & Jaros, New York, NY, of counsel), for Plaintiff-Appellee.