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  5. 438 F.Supp. 190 (1977)
 

GROSS v. DIVERSIFIED MTG. INVESTORS

Nos. 75 Civ. 1806, 75 Civ. 1001, 75 Civ. 1745, 74 Civ. 3035 and 77 Civ. 368.

438 F.Supp. 190 (1977)

Myra GROSS, Plaintiff, v. DIVERSIFIED MORTGAGE INVESTORS, Ray C. Wilson, Julius Jensen, III, M. J. Wallace, N. W. Wallace, Gordon E. Emerson, Jr., George M. Lovejoy, Jr., James V. Rice, Blancke Noyes, Bayard Henry, William Royce Moore, William E. Palmer, Bernard O. Snoddy, R. M. Norris, Diversified Advisers, Inc., Continental Investment Corp. and Price Waterhouse & Co., Defendants. Harry LEWIS, Plaintiff, v. Gordon E. EMERSON, Jr., Bayard Henry, Bernie O. Snoddy, Julius Jensen, III, George M. Lovejoy, Jr., William Royce Moore, Blancke Noyes, James V. Rice, M. J. Wallace, N. W. Wallace, Diversified Mortgage Investors, Diversified Advisers, Inc., Price Waterhouse & Co., Continental Investment Corporation and W. Corporation, Defendants. Abraham WECHSLER, on behalf of himself and all others similarly situated, Plaintiff, v. DIVERSIFIED MORTGAGE INVESTORS, Continental Investment Corp. and Diversified Advisers, Inc., Defendants. Michael C. DUBAN, Individually and as Trustee for Saul and Gertrude Duban U/T/D March 6, 1972, and Roberta Duban as Custodian for Lauren Duban and Melissa Duban, minors, on behalf of themselves and as a Class, Plaintiffs, v. DIVERSIFIED MORTGAGE INVESTORS, Ray C. Wilson, Julius Jensen, III, M. J. Wallace, N. W. Wallace, Gordon E. Emerson, Jr., George M. Lovejoy, Jr., James V. Rice, Blancke Noyes, Bayard Henry, William Royce Moore, William E. Palmer, Bernie O. Snoddy, R. M. Norris, Diversified Advisers, Inc., Continental Investment Corp., Hornblower & Weeks-Hemphill, Noyes Incorporated, Price Waterhouse & Co., Sherman Simanowitz and Morton Meadow, Defendants. Anne MEYER, on behalf of herself and as a Class, Plaintiff, v. DIVERSIFIED MORTGAGE INVESTORS, Ray C. Wilson, Julius Jensen, III, M. J. Wallace, N. W. Wallace, Gordon E. Emerson, Jr., George M. Lovejoy, Jr., James V. Rice, Blancke Noyes, Bayard Henry, William Royce Moore, William E. Palmer, Bernie O. Snoddy, R. M. Norris, Diversified Advisers, Inc., Continental Investment Corp., Hornblower & Weeks-Hemphill, Noyes Incorporated, and Price Waterhouse & Co., Defendants.

United States District Court, S. D. New York.

September 14, 1977.

Attorney(s) appearing for the Case

Snow & Becker, New York City, for plaintiffs Duban & Meyer; Charles Snow, New York City, of counsel.

Wolf, Popper, Ross, Wolf & Jones, New York City, for plaintiff Gross; Marian Probst, New York City, of counsel.

Stull, Stull & Brody, New York City, for plaintiff Lewis; Jules Brody, Robert A. Stull, New York City, of counsel.

Kass, Goodkind, Wechsler & Gerstein, New York City, for plaintiff Wechsler; Samuel K. Rosen, New York City, of counsel.

Cole & Deitz, New York City, for defendants Continental Investment Corp. and Diversified Advisers, Inc.; Albert D. Jordan, Robert M. Kerrigan, New York City, of counsel.

Burns, Jackson, Miller, Summit & Jacoby, New York City, for defendants DMI and certain individual defendants; Peter M. Saparoff, Gary L. Maddock, New York City, of counsel.

Gaston Snow and Ely Bartlett, Boston, Mass., for defendants DMI and certain individual defendants.

Eliot H. Lumbard, New York City, for defendants Hornblower & Weeks-Hemphill Noyes Inc. and Blancke Noyes.

Dewey, Ballantine, Bushby, Palmer & Wood, New York City, for defendant Price Waterhouse & Co.; Hugh N. Fryer, M. Pat Adamski, New York City, of counsel.

GAGLIARDI, District Judge.

The complaints in all five of these actions, brought under the Securities Exchange Act of 1934 ("Exchange Act") and pendent state claims on behalf of certain purchasers of the stock of Diversified Mortgage Investors ("DMI"), were ordered dismissed with leave to replead in accordance with the court's memorandum decision of February 25, 1977, Gross et al. v. DMI, et al., D.C., 431 F.Supp. 1080....

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