Saturday, May 03, 2003 8:31:04 AM
U.S. District Court for S. New York
Anna G. Brandt, Laura G. Brandt, William H. Brandt,
(address), Plaintiffs,
vs
Issac Nussen, CEO, George Weisz, Eric J. Rothschild,
MSM Jewelry Corp. (address),
Merrill Lynch, Smith Barney, Morgan Stanley,
and other "Wall Street" Institutions
(presently unknown),
Class 2 Shareholders (to be defined), Defendants.
Allegation: Plaintiffs allege that Defendants engaged in a conspiracy to defraud Plaintiffs through a stock fraud involving extreme dilution.
Facts: Defendants Nussen, Weisz, and Rothschild signed an SEC document filed on June 11, 2002 showing that they agreed to an amendment to a convertible debenture (CD) that had the effect of allowing the CD-owner to defraud existing shareholders including Plaintiffs through extreme dilution to the value of their shares.
Relief Sought: Plaintiffs seek cancellation of all shares held by dishonest shareholders (Class 2) and an election for a new Board of Directors by honest shareholders (Class 1) of the company. Plaintiffs also seek damages in the billions of dollars. In the event of default, Plaintiffs ask for an award of $40,000,000,000.00.
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