Court Dismisses Short Sellers' Civil Suit Against Intelli-Check.Business Editors WOODBURY, N.Y.--(BUSINESS WIRE)--Aug. 5, 2003 Intelli-Check, Inc. (AMEX AMEX See: American Stock Exchange :IDN (Internationalized Domain Name) A .com or .net domain name that is represented in non-English characters and symbols, with .com and .net appended at the end in English letters. ), a leader in advanced document and age verification systems, today announced that the Honorable Freda L. Wolfson Judge Freda Linsenbaum Wolfson serves as a United States District Judge for the United States District Court for the District of New Jersey. Prior to her appointment to the court, she worked at the firms Lowenstein, Sandler, Kohl, Fisher & Boylan and Clapp & Eisenberg. of the United States District Court for the District of New Jersey The United States District Court for the District of New Jersey is the Federal district court whose jurisdiction is the state of New Jersey. It was established in 1789. New Jersey is the largest state by population to only have one District Court. The Honorable Garrett E. has dismissed a securities civil action complaint, Civil Action No. 01-cv4860, that was filed by plaintiffs Daniel Borislow, Keith Jones Keith Jones may refer to:
As previously disclosed, the plaintiffs, who were short-sellers of Intelli-Check stock, brought suit in October 2001, alleging violations of federal securities laws. Originally, the plaintiffs proposed a class action suit, but they amended their lawsuit in November 2001 into an individual action on behalf of the three individual plaintiffs. On July 26, 2002, the company filed a motion to dismiss the lawsuit, which was granted on July 30, 2003. The Court's decision allows the plaintiffs to move to file an amended complaint amended complaint n. what results when the party suing (plaintiff or petitioner) changes the complaint he/she has filed. It must be in writing, and can be done before the complaint is served on any defendant, by agreement between the parties (usually their lawyers), within 30 days. The Court stated that, "If plaintiffs choose to timely move for leave to file (an) amended complaint, the Court will then consider whether the amendments would be futile." About Intelli-Check, Inc. Intelli-Check, Inc. (www.intellicheck.com) is a developer and marketer of an advanced state-of-the-art document verification system for authenticating the validity of driver licenses and ID cards used as proof of identity. Intelli-Check's multi-purpose ID-CHECK units are fully capable of increasing security and are being used as a tool to deter terrorism at military installations, high profile buildings, airports and other sites and also against "identity theft," which often is supported by fake IDs and is the fastest growing crime in the U.S. ID-CHECK units enable a user to prevent economic loss from check-cashing, credit card and various other frauds utilizing fake IDs and the ID-CHECK and IDentiScan units have the ability to determine whether purchasers of age-restricted products such as alcohol and tobacco meet minimum age requirements for their sale. ID-CHECK, with its patented technology, analyzes and displays information encoded in magnetic stripes A small length of magnetic tape adhered to credit cards, badges, permits, passes and tokens. The tape is read by magnetic stripe readers incorporated into ATMs, identification readers and payment terminals. and barcodes found on driver licenses, military identification and other forms of state and government-issued identification from more than 50 jurisdictions. |
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