Ex-Lampoon CEO Loses Bid To Toss Investor Suit

Law360, New York (August 2, 2011, 6:12 PM EDT) -- A California federal court on Monday refused to toss a proposed shareholder class action claiming the convicted former CEO of National Lampoon masterminded an illegal stock manipulation scheme that cost investors millions of dollars.

U.S. District Judge Percy Anderson denied CEO Daniel S. Laikin’s bid to dismiss the suit, disagreeing that the plaintiffs overly rely on allegations made in the U.S. Securities and Exchange Commission's recently settled complaint against him and his former company. Laikin also claimed the complaint relies heavily on claims from the U.S....
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Case Title

Jonah Ansell v. Daniel S. Laikin et al


Case Number

2:10-cv-09292

Court

California Central

Nature of Suit

Securities/Commodities

Judge

Percy Anderson

Date Filed

December 3, 2010

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