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IN RE NTN COMMUNICATION INC SECURITIES LITIGATION Click to find out why . . .



Keywords & Phrases
CaseNo: NC101787, CourtName: CLASS ACTION CASES, State: CA California, UniqueCaseRef: LCD>NC101787, Ntn Common, Ntn Common Stock, Warrant, Shares, School, Damages, Purchase, Jeffrey, Protect, Ldw, Gains, L/2, Bidding, Video Classes, Remote Mexican Schools, Maintenance, Revenues, Emphasis, Expended Funds, Redeem, Company Debt, Proper, Magerman, Oracle Group, Amount, Market Price, Law Claims, Patiies, Klafter , ContentID: 120249884

Case Documents
1 1993-11-24 Government Exhibit # 1ST AMENDED CONSOLIDATED COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 123474
25 pages
PDF
Total Documents: 1 document , 25 pages
Price: $ 19.95


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1 . Government Exhibit # 1ST AMENDED CONSOLIDATED COMPLAINT

EXTRACTED KEY WORDS
NTN COMMON STOCK
WARRANT
SHARES
SCHOOL
DAMAGES
PURCHASE
JEFFREY
PROTECT
LDW
GAINS
L/2
BIDDING
VIDEO CLASSES
REMOTE MEXICAN SCHOOLS
MAINTENANCE
REVENUES
EMPHASIS
EXPENDED FUNDS
REDEEM
COMPANY DEBT
PROPER
LITIGATION
MAGERMAN
ORACLE GROUP
AMOUNT
MARKET PRICE
LAW CLAIMS
PATIIES
KLAFTER
                                                                                                   
                                                                                                   
                                                                                                   
                                                                                                   

 1     WILLIAM         s.  LERACH  (68581)                                                         
       ALAN  SCKuLM?N  (128661)
 2     JOHN  W.  JEFFREY  (59548)
       MILBERG  WEISS  BERSHAD
 3        HYNES  &  LERACH
       600  West  Broadway,                 Suite       1800
 4     San  Diego,         CA  92101
       Telephone:            619/231-1058
 5     LAWRENCE  A.  SUCHAROW
 6     MOJDEH  KHAGHAN
       GOODKIND  LABATON  RUDOFF
 7        L  sucHARow
       100  Park  Avenue,              12th  Floor
 8     New  York,         NY  10017
       Telephone:            212/907-0700
 9     JEFFREY  A.  KLAFTER
10     DOUGLAS  McKEIGE
       BERNSTEIN          LITOWITZ          BERGER  &
11        GROSSMANN
       1285  Avenue          of  the  Americas
12     33rd  Floor
       New  York,         NY  10019
13     Telephone:            212/554-1400

14     Co-Lead         Counsel      for       Plaintiffs

15     [Additional           counsel         appear            on  signature            page.]

16                                          UNITED  STATES  DISTRICT                      COURT

17                                     SOUTHERN  DISTRICT                    OF  CALIFORNIA

18     SAHBA  AZAR,  BARBARA  TAUB,  HAL  TAUB,  )  Master                                        
19     ANTHONY  HAND,  JOSEPH  SUTTON,                                           1     
       JEFFREY  PYLE,  ADAM  EDELSTEIN,                                GLENN  )
20     FAEGENBURG,  FAIRWINDS  TRADING                                           )  CLASS  ACTION
       CORP.,  HOWARD  LASKER,  JAMES                                            1
21     CARROLL,  SANDRA  JUHANSOO,  SHELDON                                      )
       NADLER,  D.M.D.             PENSION  TRUST  and                           )
22     JACK  FEFER,  On  Behalf                  of  Themselves                  )
       and  All        Others      Similarly            Situated,                )
23
                                              Plaintiffs,
24             vs.                                                               )  FIRST  AMENDED 
SNIPPETS:
  • JOHN W. JEFFREY MILBERG WEISS BERSHAD
  • JEFFREY A. KLAFTER
  • patiies.
  • law claims.
  • 22 a 42 percent drop in the market price of NTN stock on June 25,
  • 27 the amount of $120,000.
  • 11 owned, as of March 31, 1993, 584,636 shares of NTN common stock,
  • 25 with The Oracle Group which has agreed to make Magerman available
  • 13 litigation.
  • 16 damages and, if so, the proper measure of such damages.
  • 21 Company debt.
  • 12 to redeem each Class B Warrant at $.05 per Warrant upon 30 days'
  • 11 Based upon the rate at which it expended funds,
  • 16 purchase NTN common at $3.70 per share.
  • (Emphasis added)
  • 27 revenues of only $6,047,000.
  • per system and $695 per school per month for maintenance
  • remote Mexican schools that receive video classes and "in
  • 27 bidding.
  • 2: of $11 l/2.
  • 27 I all of the gains that had occurred since the beginning of the Class
  • LdW.
  • so that they could protect and enhance
  •    |