Case Page

 

Case Status:    DISMISSED    
On or around 01/12/2000 (Other)

Filing Date: December 09, 1997

According to the firm's 10-K filing dated 3/31/2000, on April 6, 1999 The District Court granted the Company's motion for
Summary Judgment dismissing the Goldkrantz Case in its entirety. Goldkrantz
subsequently filed an appeal with The United States Court of Appeals for the
Second Circuit (the "Circuit Court") which appeal was denied by the Circuit
Court on December 13, 1999. Goldkrantz has not filed a Request for
Reconsideration with the Circuit Court nor a Petition for Certiorari with the
United States Supreme Court, and, therefore, the litigation is concluded.

The original complaint alleges that Griffin Gaming and certain of its directors, including Merv Griffin, and Sun International Investments Ltd. and other entities which together own a controlling interest in Sun International Hotels Ltd. violated the federal securities laws because the prospectus used to solicit the shareholders of Griffin Gaming to approve the merger of Griffin into Sun International Hotels was misleading. The complaint alleges that the prospectus claimed that $10,973,000 was being paid to a company controlled by Griffin for the use of Griffin's name, likeness and expertise, but that in reality the payment was a bribe.

COMPANY INFORMATION:

Sector: Services
Industry: Casinos & Gaming
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: SIH
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. New York
DOCKET #: 97-CV-9075
JUDGE: Hon. Denise L. Cote
DATE FILED: 12/09/1997
CLASS PERIOD START: 12/16/1996
CLASS PERIOD END: 09/16/1997
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Allan R. Freedman
    888 7th Avenue, 44th Floor, Allan R. Freedman, NY 10106-4499
    212.765.9528 ·
  2. Avrom S. Fischer, Esq.
    786 East 19th Street, Avrom S. Fischer, Esq., NY 11230
    718.434.7696 ·
No Document Title Filing Date