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IN RE INVESTORS FUNDING CORP. OF N. Y. SEC. LIT.

MDL No. 290, Nos. 76 Civ. 4721(WCC), 77 Civ. 616(WCC), 78 Civ. 268(WCC) and 78 Civ. 532(WCC).

523 F.Supp. 550 (1980)

In re INVESTORS FUNDING CORPORATION OF NEW YORK SECURITIES LITIGATION. Morris KATZ, et al., Plaintiffs, v. Jerome DANSKER, et al., Defendants. Rachel L. ROTHCHILD, Plaintiff, v. Jerome DANSKER, et al., Defendants. Dr. Bernard METRICK and Bernard Metrick, Custodian for Zachary Metrick, Plaintiffs, v. Jerome DANSKER, et al., Defendants. David HABER and Ruth Haber, Plaintiffs, v. Jerome DANSKER, et al., Defendants.

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

December 8, 1980.

Attorney(s) appearing for the Case

Wolf, Haldenstein, Adler, Freeman & Herz, New York City, for plaintiffs Katz and Metrick; Daniel W. Krasner, New York City, of counsel.

Pincus, Munzer, Bizar & D'Allesandro, New York City, for plaintiffs Rothchild and Haber; Irving Bizar, New York City, of counsel.

Cahill, Gordon & Reindel, New York City, for defendant Peat, Marwick, Mitchell & Co.; R. Anthony Zeiger, John H. de Boisblanc and Leonard P. Novello, Associate Gen. Counsel, New York City, of counsel.

Proskauer, Rose, Goetz & Mendelsohn, New York City, for defendant Ernst & Whinney, as successor to S. D. Leidesdorf & Co.; David I. Goldblatt, David Aronson, Gary B. Bettman, New York City, of counsel.

OPINION AND ORDER

CONNER, District Judge:

Before the Court are motions by defendants Peat, Marwick, Mitchell & Co. ("PMM") and Ernst & Whinney, as successor to S. D. Leidesdorf & Co. ("Leidesdorf") for summary judgment, pursuant to Rule 56, F.R.Civ.P., or alternatively to dismiss the complaint, Rule 12(b)(6), F.R.Civ.P. ("motions to dismiss") in the four above-subcaptioned cases ("Katz," "Rochchild," "Metrick" and "Haber"). In his...

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