In re PENNSYLVANIA LIFE COMPANY SECURITIES LITIGATION.
Judicial Panel on Multidistrict Litigation.https://leagle.com/images/logo.png
February 13, 1975.
February 13, 1975.
Attorney(s) appearing for the Case
Arnold B. Elkind, Elkind, Lampson & Sable, New York City, for Irene Janeczko (A-1), Leonard Kaufer (A-4).
Philip Jones, Wolf, Popper, Ross, Wolf & Jones, New York City, for Maurice Paprin (A-2 & A-5).
R. Alan Stotsenburg, New York City, for Bernard Krumholz (A-3).
Lionel G. Gross, Bruce A. Spear, Altheimer & Gray, Chicago, Ill., for David Benyas, et al (A-7).
David B. Flinn, Cerf, Robinson & Leland, San Francisco, Cal., for Michael C. Fields, et al.
Kreindler & Kreindler, New York City, for Meyer D. Rich (B-1).
Peter A. Lewine, Demler, Perona, Langer, Bergkvist, Lauchengco & Lewine, Long Beach, Cal., for Morris Stark, et ux (C-1).
Rodman Ward, Jr., Prickett, Ward, Burt & Sanders, Wilmington, Del., for Edward R. Lehman (B-2).
Gibson, Dunn & Crutcher, Los Angeles, Cal., for Pennsylvania Life Company.
Thomas J. Schwarz, Skadden, Arps, Slate, Meagher & Flom, New York City, for Pennsylvania Life Insurance Company, Glenwood Securities Company, Benesch Friedlander, Mendelson & Coplan, Robert C. Coplan, George N. Aranoff.
Powell Pierpoint, Hughes, Hubbard & Reed, New York City, for Coopers & Lybrand.
Robert B. Fiske, Jr., Davis, Polk & Wardwell, New York City, for Smith, Barney & Co.
Landon Morris, Morris & Polich, Los Angeles, Cal., for Harry M. Bardt.
Wyman, Bautzer, Rothman & Kuchel, Beverly Hills, Cal., for Joe D. Bain, Stanley Beyer, Burton Borman, Donald R. Hodder, Alfred Schaeffer, Daniel J. DiSipio, G. Phillip Streatfield.
Dykema, Gossett, Spencer, Goodnow, & Trigg, Detroit, Mich., for Penn General Agencies, Inc.
W. Leonard Newman, W. New York, N. J., Stanley Goldblum, Beverly Hills, Cal., Jarvis Farley, Edward R. Noyes, Jr., M. Colyn Crum, George N. Aronoff, Joseph E. Sargis, Robert M. Shafton, and Charney Borin, for International Equities, Ltd., Burton Davis, Jack Birnberg.
Before ALFRED P. MURRAH, Chairman, and JOHN MINOR WISDOM, EDWARD WEINFELD, EDWIN A. ROBSON, WILLIAM H. BECKER, JOSEPH S. LORD, III, and STANLEY A. WEIGEL, Judges of the Panel.
Judicial Panel on Multidistrict Litigation.
OPINION AND ORDER
PER CURIAM.
All actions in this litigation allege violations of various federal securities laws involving the sale of Pennsylvania Life Co. (PLC) securities. Except the Benyas action in the Eastern District of Michigan,1 each action appears to focus primarily upon the alleged failure of PLC's directors and officers to divulge material information to the investing public concerning the nature and extent...
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