MOORE CAPITAL MANAGEMENT INC /NEW
SC 13G/A, 1999-12-10
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G


           INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
                RULES 13d-1(b)(c) AND (d) AND AMENDMENTS THERETO
                         FILED PURSUANT TO RULE 13d-2(b)

                                (Amendment No. 1)*

                                   eToys Inc.
                                ________________
                                (Name of Issuer)

                         Common Stock, $0.0001 Par Value
                        ________________________________
                         (Title of Class of Securities)


                                    297862104
                                 ______________
                                 (CUSIP Number)

                                December 6, 1999
                      _____________________________________
                      (Date of Event which Requires Filing
                               of this Statement)

Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

                  [ ]     Rule 13d-1(b)
                  [x]     Rule 13d-1(c)
                  [ ]     Rule 13d-1(d)


*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter disclosure
provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).


                         (Continued on following pages)
                                Page 1 of 9 Pages


<PAGE>


                                  SCHEDULE 13G

CUSIP No.  297862104                                           Page 2 of 9 Pages



1        Name of Reporting Person
         I.R.S. Identification No. of Above Persons (ENTITIES ONLY)

                  Louis M. Bacon

2        Check the Appropriate Box If a Member of a Group*

                                       a. [ ]
                                       b. [X]

3        SEC Use Only

4        Citizenship or Place of Organization

                  United States

                            5             Sole Voting Power
                                                   0
Number of
  Shares
Beneficially                6             Shared Voting Power
  Owned By                                         5,805,076
    Each
Reporting                   7             Sole Dispositive
    Person                                         0
    With

                            8             Shared Dispositive Power
                                                   5,805,076

9        Aggregate Amount Beneficially Owned by Each Reporting Person

                                                  5,805,076

10       Check Box If the Aggregate Amount in Row (9) Excludes Certain
         Shares*

                                        [ ]

11       Percent of Class Represented By Amount in Row (9)

                                    4.84%

12       Type of Reporting Person*

                  IA

                     * SEE INSTRUCTIONS BEFORE FILLING OUT!



<PAGE>

                                  SCHEDULE 13G

CUSIP No.  297862104                                           Page 3 of 9 Pages


1        Name of Reporting Person
         I.R.S. Identification No. of Above Persons (ENTITIES ONLY)

                  Moore Capital Management, Inc.

2        Check the Appropriate Box If a Member of a Group*

                                       a. [ ]
                                       b. [X]

3        SEC Use Only

4        Citizenship or Place of Organization

                  Connecticut

                            5             Sole Voting Power
                                                   0
Number of
  Shares
Beneficially                6             Shared Voting Power
  Owned By                                         5,036,584
    Each
Reporting                   7             Sole Dispositive
    Person                                         0
    With

                            8             Shared Dispositive Power
                                                   5,036,584

9        Aggregate Amount Beneficially Owned by Each Reporting Person

                                                  5,036,584

10       Check Box If the Aggregate Amount in Row (9) Excludes Certain
         Shares*

                                        [X]

11       Percent of Class Represented By Amount in Row (9)

                                    4.21%

12       Type of Reporting Person*

                  CO, IA

                     * SEE INSTRUCTIONS BEFORE FILLING OUT!



<PAGE>
                                  SCHEDULE 13G

CUSIP No.  297862104                                           Page 4 of 9 Pages




1        Name of Reporting Person
         I.R.S. Identification No. of Above Persons (ENTITIES ONLY)

                  Moore Global Investments, Ltd.

2        Check the Appropriate Box If a Member of a Group*

                                       a. [ ]
                                       b. [X]

3        SEC Use Only

4        Citizenship or Place of Organization

                  Bahamas

                            5             Sole Voting Power
                                                    0
Number of
  Shares
Beneficially                6             Shared Voting Power
  Owned By                                         5,036,584
    Each
Reporting                   7             Sole Dispositive
    Person                                         0
    With

                            8             Shared Dispositive Power
                                                   5,036,584

9        Aggregate Amount Beneficially Owned by Each Reporting Person

                                                  5,036,584

10       Check Box If the Aggregate Amount in Row (9) Excludes Certain
         Shares*

                                   [X]

11       Percent of Class Represented By Amount in Row (9)

                                    4.21%

12       Type of Reporting Person*

                  CO
                     * SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>



                                                               Page 5 of 9 Pages





Item 1(a)         Name of Issuer:

                  eToys Inc. (the "Company").

Item 1(b)         Address of the Issuer's Principal Executive Offices:

                  3100 Ocean Park Boulevard, Suite 300
                  Santa Monica, CA 90405

Item 2(a)         Name of Person Filing:

                  The  Statement  is being  filed by (1)  Louis M.  Bacon  ("Mr.
                  Bacon"),  in his capacity as (a) Chairman and Chief  Executive
                  Officer,  director and controlling  shareholder of MCM and (b)
                  Chairman and Chief  Executive  Officer,  director and majority
                  interest holder in Moore Capital  Advisors,  LLC ("MCA"),  (2)
                  Moore Capital  Management,  Inc.  ("MCM") and (3) Moore Global
                  Investments,   Ltd.  ("MGI")  (collectively,   the  "Reporting
                  Persons").

                  MGI, a non-U.S. investment company, is the sole shareholder of
                  a Bahamas corporation (the "Bahamas Corporation"), and as such
                  may be deemed the  beneficial  owner of the Shares (as defined
                  herein) held for the account of the Bahamas Corporation.  MCM,
                  a  registered  commodity  trading  advisor  and  member of the
                  National   Futures   Association,   serves  as   discretionary
                  investment  manager to MGI and other investment funds. In such
                  capacity, MCM may be deemed the beneficial owner of the Shares
                  (as  defined  herein)  held for the  accounts  of the  Bahamas
                  Corporation  and  MGI.  MCA is a New  York  limited  liability
                  company  and  a  registered   commodity  trading  advisor  and
                  commodity  pool operator.  MCA serves as general  partner to a
                  Delaware limited partnership (the "Delaware Partnership"), and
                  serves as general partner and discretionary investment manager
                  to  Remington  Investment  Strategies,  L.P.  ("RIS"),  a U.S.
                  partnership.  In  such  capacities,  MCA  may  be  deemed  the
                  beneficial  owner of the Shares (as defined  herein)  held for
                  the  accounts  of  the  Delaware   Partnership  and  RIS.  The
                  principal  occupation  of Mr.  Bacon is the  direction  of the
                  investment  activities  of MCM  and  MCA,  carried  out in his
                  capacity  of  Chairman  and Chief  Executive  Officer  of such
                  entities.  In such  capacities,  Mr.  Bacon may be deemed  the
                  beneficial  owner of the Shares (as defined  herein)  held for
                  the  accounts of the Bahamas  Corporation,  MGI,  the Delaware
                  Partnership and RIS.

Item 2(b)         Address of Principal Business Office or, if None, Residence:

                  The principal  business  offices of Mr. Bacon, MCM and MGI are
                  located at 1251  Avenue of the  Americas,  New York,  New York
                  10020.

Item 2(c)         Citizenship:

                  i)       Mr. Bacon is a United States citizen;

                  ii)      MCM is a Connecticut corporation; and

                  iii)     MGI is a Bahamas corporation.


<PAGE>


                                                               Page 6 of 9 Pages





Item 2(d)         Title of Class of Securities:

                  Common Stock,  par value  $0.0001 per share (the  "Shares") of
the Company.

Item 2(e)         CUSIP Number:

                  297862104

Item 3.           If this  statement  is filed  pursuant  to Rule  13d-1(b),  or
                  13d-2(b), check whether the person filing is a:

                  This Item 3 is not applicable.

Item 4.           Ownership:

Item 4(a)         Amount Beneficially Owned:

                  As of December 6, 1999,  each of the Reporting  Persons may be
                  deemed the beneficial owner of the following number of Shares:

                  (i)      Mr.  Bacon  may be  deemed  the  beneficial  owner of
                           5,805,076   Shares.   This  number  consists  of  (A)
                           1,574,108  Shares held for the account of the Bahamas
                           Corporation,   (B)  3,462,476  Shares  held  for  the
                           account  of MGI,  (C)  345,521  Shares  held  for the
                           account of the Delaware  Partnership  and (D) 422,971
                           Shares held for the account of RIS.

                  (ii)     Each  of MCM and MGI  may be  deemed  the  beneficial
                           owner of 5,036,584  Shares.  This number  consists of
                           (A)  1,574,108  Shares  held for the  account  of the
                           Bahamas Corporation and (B) 3,462,476 Shares held for
                           the account of MGI.

Item 4(b)         Percent of Class:

                  (i)      The number of Shares of which Mr. Bacon may be deemed
                           to be the beneficial owner constitutes  approximately
                           4.84% of the total number of Shares outstanding.

                  (ii)     The number of Shares of which each of MCM and MGI may
                           be  deemed  to be the  beneficial  owner  constitutes
                           approximately  4.21% of the  total  number  of Shares
                           outstanding.


<PAGE>



                                                               Page 7 of 9 Pages



Item 4(c) Number of shares as to which such person has:

     Mr. Bacon:
     ----------

     (i)   Sole power to vote or to direct the vote:                           0

     (ii)  Shared power to vote or to direct the vote:                 5,805,076

     (iii) Sole power to dispose or to direct the disposition of:              0

     (iv)  Shared power to dispose or to direct the disposition of:    5,805,076

     MCM:
     ----

     (i)   Sole power to vote or to direct the vote:                           0

     (ii)  Shared power to vote or to direct the vote:                 5,036,584

     (iii) Sole power to dispose or to direct the disposition of:              0

     (iv)  Shared power to dispose or to direct the disposition of:    5,036,584

     MGI:
     ----

     (i)   Sole power to vote or to direct the vote:                           0

     (ii)  Shared power to vote or to direct the vote:                 5,036,584

     (iii) Sole power to dispose or to direct the disposition of:              0

     (iv)  Shared power to dispose or to direct the disposition of:    5,036,584

Item 5.           Ownership of Five Percent or Less of a Class:

                  If this Statement is being filed to report the fact that as of
the date hereof each of the  Reporting  Persons has ceased to be the  beneficial
owner of more than five percent of the class of securities, check the following:
[X].

Item 6.           Ownership of More than Five Percent on Behalf of Another
                  Person:

                  (i)      The shareholders of the Bahamas  Corporation have the
                           right to  participate  in the  receipt  of  dividends
                           from,  or proceeds  from the sale of,  Shares held by
                           the  Bahamas  Corporation  in  accordance  with their
                           ownership interests in the Bahamas Corporation.

                  (ii)     The shareholders of MGI have the right to participate
                           in the receipt of dividends  from,  or proceeds  from
                           the sale of,  Shares held by MGI in  accordance  with
                           their ownership interests in MGI.


<PAGE>

                                                               Page 8 of 9 Pages


                  (iii)    The  partners of the  Delaware  Partnership  have the
                           right to  participate  in the  receipt  of  dividends
                           from,  or proceeds  from the sale of, the Shares held
                           by the Delaware  Partnership in accordance with their
                           partnership interests in the Delaware Partnership.

                  (iv)     The partners of RIS have the right to  participate in
                           the receipt of dividends  from,  or proceeds from the
                           sale of, the Shares  held by RIS in  accordance  with
                           their partnership interests in RIS.

Item 7.           Identification  and  Classification  of the  Subsidiary  Which
                  Acquired the Security  Being Reported on by the Parent Holding
                  Company:

                           This Item 7 is not applicable.

Item 8.           Identification and Classification of Members of the Group:

                           This Item 8 is not applicable.

Item 9.           Notice of Dissolution of Group:

                           This Item 9 is not applicable.

Item 10.          Certification:

                  By signing below each of the  undersigned  certifies  that, to
the best of the undersigned's  knowledge and belief, the securities  referred to
above were not  acquired  and are not held for the purpose of or with the effect
of changing or influencing  the control of the issuer of the securities and were
not  acquired and are not held in  connection  with or as a  participant  in any
transaction having that purpose or effect.


<PAGE>

                                                               Page 9 of 9 Pages

                                   SIGNATURES


After  reasonable  inquiry  and to the  best of my  knowledge  and  belief,  the
undersigned  certifies that the information set forth in this statement is true,
complete and correct.

Date:  December 9, 1999

                                 LOUIS M. BACON



                                 By:      /S/ STEPHEN R. NELSON
                                          --------------------------------------
                                          Name:    Stephen R. Nelson
                                          Title:   Attorney-in-Fact


                                 MOORE CAPITAL MANAGEMENT, INC.



                                 By:      /S/ STEPHEN R. NELSON
                                          --------------------------------------
                                          Name:    Stephen R. Nelson
                                          Title:   Attorney-in-Fact


                                 MOORE GLOBAL INVESTMENTS, LTD.



                                 By:      /S/ STEPHEN R. NELSON
                                          --------------------------------------
                                          Name:    Stephen R. Nelson
                                          Title:   Attorney-in-Fact




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