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IN RE NATIONAL STUDENT MARKETING LITIGATION

M.D.L. No. 105. Misc. No. 134-72. Civ. A. Nos. 2405-72, 2406-72, 2407-20.

445 F.Supp. 157 (1978)

In re NATIONAL STUDENT MARKETING LITIGATION.

United States District Court, District of Columbia.

January 9, 1978.

Attorney(s) appearing for the Case

Frank J. Delany, Robert J. Stanford, Washington, D. C., for Louis W. Biegler and the Biegler Foundation.

William E. Haudek, Julius Levy, Stephen P. Hoffman, New York City, for plaintiffs and Pomerantz, Levy, Haudek & Block.

James E. Tolan, John Logan O'Donnell, Bruce E. Pindyck, New York City, for Olwine, Connelly, Chase, O'Donnell & Weyher and National Student Marketing Corp.

MEMORANDUM OPINION

BARRINGTON D. PARKER, District Judge:

The National Student Marketing Corporation (Student Marketing or NSMC) stock fraud scheme has spawned extensive litigation. In addition to the Securities and Exchange Commission suit seeking injunctive relief against certain corporate officials, accountants and attorneys, several private proceedings were filed seeking money damages and other relief. Among...

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