Digital Broadcast Corporation, a low cost/high quality provider of
digital wireless television programming under the trade name AirCable
America, announced today that it has been granted leave of court to
amend its complaint to allege $200 million in damages against
Miami-based securities firm, Ladenburg Thalmann & Co. and others. The
amended complaint, which seeks $150 million in compensatory damages
and $50 million in punitive damages, alleges fraud, breach of
fiduciary duty, and breach of contract in connection with a failed
private placement of stock. Multiple motions to dismiss the complaint
have been denied. The case is pending in the Supreme Court of the
State of New York, County of New York, before Justice Richard B. Lowe
III.
