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BACKMAN v. POLAROID CORPORATION

Civ. A. Nos. 79-1031, 79-1284 and 79-1285.

677 F.Supp. 50 (1987)

Irving A. BACKMAN, et al., v. POLAROID CORPORATION, et al.

United States District Court, D. Massachusetts.

December 30, 1987.

Attorney(s) appearing for the Case

Ronald Litowitz, Bernstein, Litowitz, Berger & Grossman, New York City, Joseph D. Steinfield, Hill & Barlow, Boston, Mass., Abbey & Ellis, Arthur N. Abbey, New York City, Shapiro & Grace, Thomas G. Shapiro, Boston, Mass., B.L. Knapp, Lowey, Dannenberg & Knapp, P.C., New York City, for Backman.

Christopher Brady, James E. Tolan, Olwine, Connelly, Chase, O'Connell & Weyher, Davis, Polk & Wardwell, New York City, for Polaroid.

William C. Evers, III, Collinsville, Ill., for Molitor Motors.

Sandra L. Lynch, Foley, Hoag & Eliot, Boston, Mass., for Julius Silver Jurodin Fund, Inc.

Samuel Hoar, Goodwin, Procter & Hoar, Boston, Mass., for Rowland Foundation and Edwin H. Land.

Francis H. Fox, Bingham, Dana & Gould, Boston, Mass., Ellen G. Grant, Joanne D'Alcomo, for Polaroid.

MEMORANDUM AND ORDER ON PLAINTIFFS' REQUEST FOR PREJUDGMENT INTEREST

McNAUGHT, District Judge.

The plaintiffs filed a motion for an award of prejudgment interest following a jury verdict in their favor in this Section 10(b) and Rule 10b-5 action. The jury found that the defendants knowingly or recklessly disregarded the Federal Securities laws, and that therefore the members of the class should recover their losses. The gist of the theory of liability was...

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