MERCER v. JAFFE, SNIDER, RAITT AND HEUER, P.C.

Nos. G88-380 CA1, G87-56 CA1.

730 F.Supp. 74 (1990)

Harold MERCER, et al., Plaintiffs, v. JAFFE, SNIDER, RAITT and HEUER, P.C., et al., Defendants. Robert N. SCHRIEMER, et al., Plaintiffs, v. Barton GREENBURG, et al., Defendants.

United States District Court, W.D. Michigan, S.D.

January 3, 1990.


Attorney(s) appearing for the Case

Tolley, Fisher & Verwys, P.C. by Thomas F. Koernke, Todd R. Dickinson and James B. Doezema, and Norris & Associates, P.C. by Sharon H. Norris, Grand Rapids, Mich., for plaintiffs.

Morton H. Collins and Clayton F. Farrell, Collins Einhorn & Farrell, P.C., Southfield, Mich., for Jaffe Snider Raitt & Heuer, Peter Sugar and David Warner.

Frank J. Kelley, Atty. Gen. by Ronald W. Emery, Asst. Atty. Gen., Tort Defense Div., Lansing, Mich., for Frederick Hoffecker.

Frank J. Kelley, Atty. Gen. by George H. Weller, Asst. Atty. Gen., Executive Div., Lansing, Mich., for James Karpen.

William M. Saxton and Keefe A. Brooks, Detroit, Mich., for Yaffe & Co.

Cholette, Perkins & Buchanan by Bruce M. Bieneman, Grand Rapids, Mich., for Ronald M. Barron and Ronald M. Barron & Associates, P.C.

Richard A. Kay and Terrance R. Bacon, Grand Rapids, Mich., for Follmer, Rudzewicz & Co.

Steven L. Schwartz, Farmington Hills, Mich., for Cohen & Leff, P.C.

Annis, Annis & Visser, Comstock Park, Mich., for George J. Yusko.

Erwin A. Rubenstein and Arnold F. Farwell, Southfield, Mich., for Ernst & Co.

Gary L. Mitchell, Bloomfield Hills, Mich., pro se.

Andrew S. Conway, Miro Miro & Weiner, Bloomfield Hills, Mich., for George Hamilton.

Thomas F. Blackwell, Jr. and T.J. Ackert, Smith Haughey Rice & Roegge, Grand Rapids, Mich., for Lloyd Bridges.


OPINION ON PENDING MOTIONS

HILLMAN, Chief Judge.

These consolidated actions arise from the so-called Diamond Mortgage Corporation/A.J. Obie and Associates (Diamond/Obie) mortgage-backed securities fraud. The general background of this litigation is set forth in Mercer v. Jaffe, Snider, Raitt and Heuer, P.C., 713 F.Supp. 1019 (W.D.Mich.1989) and Stone v. Mehlberg...

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