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165 F. Supp. 2d 615 *; 2001 U.S. Dist. LEXIS 15649 **; Fed. Sec. L. Rep. (CCH) P91,623
EMERGENT CAPITAL INVESTMENT MANAGEMENT, LLC, Plaintiff, - against - STONEPATH GROUP, INC. (previously known as NET VALUE HOLDINGS, INC.), ANDREW PANZO, and LESS HANSEN, Defendants.
Disposition: [**1] Stonepath motion for summary judgment in initial action granted. Motion to dismiss first amended complaint in Second Action for failure to state claim granted with leave granted to replead. Emergent's motion for consolidation granted.
misrepresentation, offering, causation, stock, allegations, first amended complaint, parties, investor, amended complaint, private placement, stock purchase agreement, consolidate, Brochure, summary judgment, shares, representations, sophisticated, summary judgment motion, proximate cause, fraud claim, rescission, documents, omission, merger
Civil Procedure, Summary Judgment, Motions for Summary Judgment, General Overview, Judgments, Opposing Materials, Entitlement as Matter of Law, Appropriateness, Genuine Disputes, Legal Entitlement, Materiality of Facts, Burdens of Proof, Evidentiary Considerations, Scintilla Rule, Securities Law, Securities Act Actions, Civil Liability, Civil Liability Considerations, Secondary Liability, Primary & Secondary Liability, Business & Corporate Compliance, Contracts Law, Contract Conditions & Provisions, Integration Clauses, Contracts Law, Affirmative Defenses, Fraud & Misrepresentation, Governments, Courts, Common Law, Securities Exchange Act of 1934 Actions, Implied Private Rights of Action, Deceptive & Manipulative Devices, Torts, Actual Fraud, Negligent Misrepresentation, Elements, Business Torts, Damages, Measurement of Damages, Reliance Damages, Contract Formation, Mistake, Mutual Mistake, Defenses, Ambiguities & Mistakes, Blue Sky Laws, Offers & Sales, Unilateral Mistake, Responses, Defenses, Demurrers & Objections, Motions to Dismiss