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IN RE INVESTORS FUNDING CORP.

MDL Docket No. 290 (WCC), No. 75 Civ. 3681 (WCC).

523 F.Supp. 563 (1980)

In re INVESTORS FUNDING CORPORATION of New York Securities Litigation. Robert MORSE and Claire Morse, Plaintiffs, v. PEAT, MARWICK, MITCHELL & CO., et al., Defendants.

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

December 8, 1980.

Attorney(s) appearing for the Case

Milberg, Weiss, Bershad & Specthrie, New York City, for plaintiffs; David J. Bershad, Jerome M. Congress, Harry L. Garmansky, Craig L. Tessler, Paul Dillon, 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. In his Report Number 22 ("Report"), Magistrate Harold J. Raby recommends the granting of Leidesdorf's motion and the denial of PMM's motion. Plaintiffs and PMM have filed objections to the Report...

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