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IN RE MODEL IMPERIAL INC SECURITIES LITIGATION Click to find out why . . .



Keywords & Phrases
CaseNo: MI72828, CourtName: CLASS ACTION CASES, State: NJ New Jersey, UniqueCaseRef: LCD>MI72828, Kesh, Ickovics, Eisenberg, Peat, Beauty, Florida, Jersey, Principals, Retail, Business Plan, Sales, Asset Purchase, Subsidiaries, Inventory, Asset Purchase Agreement, Compensatory, Obligations, Plaintiff Under28 Usc, Cosmetic Gallery, Employment Agreement, Public Offering, Chief Operating Officer, Mount Laurel, Kpmg Peat Marwick, Charles Eisenberg, Inventory Levels, Debtor, Paragraphs, Debt, Oebtor, District, Wder, Relief, Oebtw, Petition, Vote, Dioprtd, Tht, Wubr, Ina, Dtbtort8, Der, Gnrtwraf , ContentID: 120249873

Case Documents
1   COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 123443
17 pages
PDF
2 1996-07-23 SUGGESTION OF BANKRUPTCY
[ see first page and extracted highlights below  ] ItemID: 123444
8 pages
PDF
Total Documents: 2 documents , 25 pages
Price: $ 24.95


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1 . COMPLAINT

EXTRACTED KEY WORDS
PLAINTIFFS
BUSINESS
ICKOVICS
EISENBERG
DEFENDANTS
PEAT
BEAUTY
FLORIDA
JERSEY
PRINCIPALS
RETAIL
BUSINESS PLAN
SALES
ASSET PURCHASE
SUBSIDIARIES
INVENTORY
ASSET PURCHASE AGREEMENT
COMPENSATORY
OBLIGATIONS
PLAINTIFF UNDER28 USC
COSMETIC GALLERY
EMPLOYMENT AGREEMENT
PUBLIC OFFERING
CHIEF OPERATING OFFICER
MOUNT LAUREL
KPMG PEAT MARWICK
CHARLES EISENBERG
INVENTORY LEVELS
PARAGRAPHS
                                 IN  THE  UNITED  STATES  DISTRICT  COURT
                                FClR THE  SOUTHERN  DlSTRlCT  OF  FLORlDh                   cl37   
                                       FORT  LAUDERDALE  DMSION
                                                               99-850~
CHARLES  EISENBERG  and
COSMETIC  GALLERY,  INC.  and
C &  L  BEhI7I-Y  SUPPLY,  INC.,                                        CIVIL  ACTION  NO.

       Plaintiffs,


KPMG  PEAT  MARWICK,  L.L.P.,
HAROLD  M. BXOVICS,  and  STEPHEN
J. KESH,

       Defendants.


                                                   COMPLAllYT                                      
                                          J-URY  TRLAL  DEMANDED                                   
                                                                                                   

       Plaintiffs,  CHARLES  EISEETBERG ("Eisenberg"),  COSMETIC  GALLERY,  INC.,  a NW

Jersey Cowration  ("Cosmetic  NJ")  and C & L BEAUTY  SUPPLY,  lNC., a New Jersey corporation

("C&L  NJ"),  suedefendants, KPMG  PEATMARWICK,  L-L-P. ("Peat"),  HA'ROLD  M. ICKOVICS

("Ickovics"),  and STEPHEN  J. KESH  ("Mesh"),  alleging  as follows:

                       GENERAL  AND  JURISDICTXQNAL                      ALLEGATIONS

        1.       This is a diversity  action brought  by plaintiff  under28  USC 3 1332  for 

damages in excess of  $75,000.00.

       2.        Plaintiff,      Eisenberg, is sui juris  and a resident and citizen  of the  State

residing  at 3 Wilderness  Drive,  Voorhees,  New  Jersey 08043.





                                                                                                   



        3.      Plaintiff,  Cosmetic NJ, is a corporation  organized  and existing  under the laws
SNIPPETS:
  • CHARLES EISENBERG and COSMETIC GALLERY,
  • KPMG PEAT MARWICK, L.L.P.,
  • Plaintiffs, CHARLES EISEETBERG, COSMETIC GALLERY, INC., a NW
  • Jersey Cowration and C & L BEAUTY SUPPLY, lNC., a New Jersey corporation
  • , and STEPHEN J. KESH, alleging as follows:
  • This is a diversity action brought by plaintiff under28 USC 3 1332 for compensatory
  • State of New Jersey, with its principal place of business located at 824 East Gate Drive,
  • Mount laurel, New Jersey 08054.
  • Defendant, Ickovics, is sui jurisand aresideat and citizen of the State of Florida, who
  • Peat is a limited liability partnership organized and existing under the laws of the
  • g 1332 in that plaintiffs are citizens of New Jersey aad defendants, Tckovics and Kesh, are
  • For many years prior to 1993 and before its initial public offering, Model Imperial,
  • business of the sale of brand name fragrances to the retail aud wholesale beauty supply
  • and related products to the retail public with a sttong retail presence in New Jer.sey.
  • corporate subsidiaries of Model operating out of Kesb's and Ickovics' offices in Boca Raton,
  • C&L NJ with Eisenberg to be employed after closing as chief operating officer of two Florida
  • Model on the other entered into an asset purchase agreement whereby Cosmetic NJ and C&L NJ
  • of the amount by which annual net sales of Florida Beauty
  • Plaiutiffs incorporate the allegations of paragraphs 1 through 2EI hereof in bringing
  • The above-referenced contracts were part of au ambitious business plan to utilize
  • higher inventory requirements.
  • levels can be aided by an increase in inventory levels to enable the seller to have a higher
  • specific obligations of Model, Florida Casmetic, and Florida Beauty to plaintiffs and that
  • Under the employment agreement, defendants have also deprived Eiscnbcrg of the
  • Ickovics and Kesh as principals of Model never intended to meet the obligations

  • 2 . SUGGESTION OF BANKRUPTCY

    EXTRACTED KEY WORDS
    FLORIDA
    DEBT
    OEBTOR
    DISTRICT
    WDER
    RELIEF
    OEBTW
    PETITION
    ICKOVICS
    VOTE
    DIOPRTD
    THT
    WUBR
    BEAUTY
    INA
    DTBTORT8
    DER
    GNRTWRAF
    ADRRLLCABLO
    PCTLTLM
    INFONRATION
    DCELERE WDER PENALTY
    JQTWF
    RELLEF OQTOR RQTCSTR
    FQR RELLEF OQTOR
    REWST FQR RELLEF
    SHEET
    CA6R WCRMBER
    OEBTIH NWR
    
                                     IN  THE  UNITED  STATES  DISTRICT  COURT
                                     FOR  THE  SOUTHERN  DISTRICT  OF  FLORIDA
    
    
                                                                                                    
    HOWARD P.  ROVNER,
                        Plaintiff,
                                                                                          ;
    vs.
                                                                                           ;
    MODEL  IMPERIAL,                    INC.  and  HAROLD  )
    ICKOVICS,
                              r
                        Defendants.
    
    
    
                                                   SUGGESTION  OF  BANKRUPTCY  AND
                                                             NOTICE  OF  OPERATION  OF
                                                                      AUTOMATIC  STAY
                                         PLEASE  BE  ADVISED  that                                     
           petition               for
    relief        under  Chapter                             11  of  the  United                       
                            Code,  11
    U.S.C.         §  101,  et  seq.  was  filed                                                     
                    INC.         (the
    "Debtor@*),            on  July  18,  1996,  in  the  United  States  Bankruptcy
                               Court
    for  the  Southern                          District                 of  Florida.                  
                             copy  of
    the  Voluntary                  Petition                   (without                attachments)    
    -
    PGH,  is  attached                         hereto             as  Exhibit                         
    
                                         Any  action                        taken  against             
    
    property          without                  obtaining                    relief                 from
           stay  from  the
    U.S.  Bankruptcy                      Court  for  the  Southern                                    
    ida                       may  be
    
            ,.
    subject          to  findings                            of  contempt                        and 
    alties                        and
    fines,        as  may  be  appropriate.
    
    
                                               CUEENBERG        TRAURIC       HOFFMAN            LIPOFF
                515  EAST  LAS  OLAS  BOULEVARD                 FORT  LAUDERDALE,               
    
    SNIPPETS:
  • ICKOVICS,
  • c%l Oebtw
  • t 1 Debtor nttmtec
  • Of WE OEBTIH Nwr of oebtor
  • Sheet Rclwwl!4hip
  • REWST FQR RELlEf OQtor rqtcstr
  • relief with the chapter of title 11.
  • JQtWf DEBTORdcelere wder penalty
  • that the infonration ~rwided in this pctltlm
  • Not ADrrllcablo ~gnrtwraf
  • tfd chome to prtxw der chapter 7 of suck tttle.
  • by rttorwy for irdivibl Ehepttr 7 dtbtOrt8) with pr'illorlly
  • aIt8 * cometlc Gallery, Ina.
  • Smuthem District of Florida
  • Beauty Supply, Inc.
  • Exhibit "A" to Voluntary Petition
  • Tht folladw
  • Dioprtd
  • unstcuted debt
  • Wubr of shares of prctcttcd
  • owts, cantrak, or holds, with pomr to vote, m or aurc
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