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Article: BRM Technologies Sues Broadview International and Two Executives For Securities Fraud in Checkpoint Stock Sale.
- Article from:
- Business Wire
- Article date:
- November 17, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN FRANCISCO--(BUSINESS WIRE)--Nov. 16, 1999--
Israeli Company Seeks Damages of Over $100 Million Plus Lost Profits
to Compensate for Fraud and Breach of Fiduciary Duty by
Investment Banker
BRM Technologies, Ltd., an Israeli-based venture capital firm, has sued Broadview International, its chairman, chief executive officer and managing director Paul Deninger, and a former managing director, Bernard Goldstein, for fraud, breach of fiduciary duty and breach of contract in connection with Broadview's engagement by BRM in 1995 to value and sell 36,000 shares of Check Point Software Technologies, Ltd. (Nasdaq:CHKP), then a privately held ...