District Court, S.D. New York June 22, 2011, 10 Civ. 2737(LAK) (Prime Mover Capital Partners L.P. v. Elixir Gaming Technologies, Inc.)

MEMORANDUM OPINION

LEWIS A. KAPLAN, District Judge.

This is an action by several U.S. hedge funds for damages under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”)

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and Rule 10b-5 thereunder,

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,

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as well as on common law theories, for damages in connection with their purchases of shares in Elixir Gaming Technologies, Inc. (“EGT”).