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05-2121 - Murphy et al v. Stargate Defense Systems Corporation et al


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05-2121 - Murphy et al v. Stargate Defense Systems Corporation et al
March 21, 2006
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Memorandum Opinion and Order re 48, 47. The Court finds plaintiffs are entitled to judgment on their Ohio statutory claims under RC 1707.44(B)(4) and RC 1707.44(D) as to the first two stock purchases and under RC 1707.44(C)(1) with respect to the 2/4/2002 transaction. The Court finds that the first two transactions are voidable under 1707.43 and Plaintiffs are entitled to recover $32,000. The Court finds plaintiffs have not established their common law fraud claim or their Federal Securities/Rule 10b-5 claim and that defendants are entitled to judgment on those claims. Signed by Judge Donald C. Nugent on 3/20/06. (H, D)