Stricker v. Coty Inc. et al

Stricker v. Coty Inc. et al

Plaintiff:	Eugene Stricker
Defendant:	Coty Inc., Michele Scannavini, Sergio Pedreiro, James E. Shiah, Lambertus J.H. Becht, Bradley M. Bloom, Joachim Faber, Oliver Goudet, Peter Harf, M. Steven Langman, Erhard Schoewel, Robert Singer, Jack Stahl, Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securites LLC, Morgan Stanley & Co, LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., Wells Fargo Securities, LLC, Lazard Capital Markets LLC, Piper Jeffray Companies, RBC Capital Markets, LLC, Credit Agricole Securities (U.S.A.) Inc., BNP Paribas Securities Corp, HSBC Securities (USA) Inc., ING Financial Markets LLC, Moelis & Company LLC, RBS Securities Inc., Sanford C. Bernstein & Co. LLC, Santander Investment Securities Inc., Ramirez & Co., Inc., Telsey Advisory Group LLC and The Williams Capital Group, L.P.
Case Number:	1:2014cv00919
Filed:	February 13, 2014
Court:	US District Court for the Southern District of New York
Office:	Foley Square Office
County:	Nassau
Presiding Judge:	Richard J. Sullivan
Nature of Suit:	Securities/Commodities/Exchanges
Cause of Action:	15 U.S.C. § 77
Jury Demanded By:	Plaintiff

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Date Filed	Document Text
March 29, 2016	Filing 63 OPINION AND ORDER re: 44 MOTION to Dismiss the Consolidated Class Action Complaint filed by Sergio Pedreiro, Coty Inc., Jack Stahl, Erhard Schoewel, M. Steven Langman, Peter Harf, James E. Shiah, Robert Singer, Lambertus J.H. B echt, Oliver Goudet, Joachim Faber, Michele Scannavini, Bradley M. Bloom. Plaintiffs' Complaint, as written, constitutes a classic example of Monday morning-quarterbacking whereby Plaintiffs, armed with disappointing fourth quarter results, resort to vague assertions and innuendo to support a "Defendants misled me" theory of liability. Unfortunately for Plaintiffs, Section 11 requires much more than the grab bag of suspicion and speculation contained in Plaintiffs' pleadi ng. Accordingly, IT IS HEREBY ORDERED THAT Defendants' motion to dismiss the Amended Consolidated Class Action Complaint is GRANTED in its entirety. The Clerk of the Court is respectfully directed to terminate the motion located at docket number 44 and close this case. (As further set forth in this Order.) (Signed by Judge Richard J. Sullivan on 3/29/2016) (kko) (Main Document 63 replaced on 3/29/2016) (kko). Modified on 3/29/2016 (kko).

Date Filed

Document Text

March 29, 2016

Filing 63 OPINION AND ORDER re: 44 MOTION to Dismiss the Consolidated Class Action Complaint filed by Sergio Pedreiro, Coty Inc., Jack Stahl, Erhard Schoewel, M. Steven Langman, Peter Harf, James E. Shiah, Robert Singer, Lambertus J.H. B echt, Oliver Goudet, Joachim Faber, Michele Scannavini, Bradley M. Bloom. Plaintiffs' Complaint, as written, constitutes a classic example of Monday morning-quarterbacking whereby Plaintiffs, armed with disappointing fourth quarter results, resort to vague assertions and innuendo to support a "Defendants misled me" theory of liability. Unfortunately for Plaintiffs, Section 11 requires much more than the grab bag of suspicion and speculation contained in Plaintiffs' pleadi ng. Accordingly, IT IS HEREBY ORDERED THAT Defendants' motion to dismiss the Amended Consolidated Class Action Complaint is GRANTED in its entirety. The Clerk of the Court is respectfully directed to terminate the motion located at docket number 44 and close this case. (As further set forth in this Order.) (Signed by Judge Richard J. Sullivan on 3/29/2016) (kko) (Main Document 63 replaced on 3/29/2016) (kko). Modified on 3/29/2016 (kko).

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Plaintiff: Eugene Stricker
Represented By:	Jeffrey Philip Campisi
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Defendant: Coty Inc.
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Defendant: Michele Scannavini
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Defendant: Sergio Pedreiro
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Defendant: James E. Shiah
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Defendant: Lambertus J.H. Becht
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Defendant: Bradley M. Bloom
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Defendant: Joachim Faber
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Defendant: Oliver Goudet
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Defendant: Peter Harf
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Defendant: M. Steven Langman
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Defendant: Erhard Schoewel
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Defendant: Robert Singer
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Defendant: Jack Stahl
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Defendant: Merrill Lynch, Pierce, Fenner & Smith Incorporated
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Defendant: J.P. Morgan Securites LLC
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Defendant: Morgan Stanley & Co, LLC
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Defendant: Barclays Capital Inc.
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Defendant: Deutsche Bank Securities Inc.
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Defendant: Wells Fargo Securities, LLC
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Defendant: Lazard Capital Markets LLC
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Defendant: Piper Jeffray Companies
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Defendant: RBC Capital Markets, LLC
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Defendant: Credit Agricole Securities (U.S.A.) Inc.
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Defendant: BNP Paribas Securities Corp
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Defendant: HSBC Securities (USA) Inc.
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Defendant: ING Financial Markets LLC
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Defendant: Moelis & Company LLC
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Defendant: RBS Securities Inc.
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Defendant: Sanford C. Bernstein & Co. LLC
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Defendant: Santander Investment Securities Inc.
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Defendant: Ramirez & Co., Inc.
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Defendant: Telsey Advisory Group LLC
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Defendant: The Williams Capital Group, L.P.
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