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BERK v. ASCOTT INV. CORP.

Civ. A. No. 88-9000.

759 F.Supp. 245 (1991)

Steven BERK, Gerhard Carl, Lawrence Miller, Joseph A. Startare, Allan H. Gordon, Gerald Esner, Carl Reinhart, E. David First, and Holzhaur Tile Company, Inc., and Charles Fox, individually and on behalf of a class v. ASCOTT INVESTMENT CORPORATION, Michael J. Asbell, Philip S. Cottone, M. Brad Ingerman, Laventhol & Horwath, Whitestone Savings, F.A., Fireman's Insurance Company of Newark, New Jersey.

United States District Court, E.D. Pennsylvania.

March 6, 1991.

Attorney(s) appearing for the Case

William M. Lashner, Lashner, Victor & Maschmeyer, Robert M. Greenbaum, Philadelphia, Pa., for plaintiff.

Paul F.X. Gallagher, Philadelphia, Pa., Louis G. Corsi, Stephen V. Kovarik, Susan C. Zuckerman, Siff, Rosen & Parker, P.C., New York City, for Whitestone Savings, F.A.

Ira Silverstein, Philadelphia, Pa., for Firemen's Ins. Co. of Newark, New Jersey.

Louis G. Corsi, Siff, Rosen & Parker, P.C., New York City, for Resolution Trust Corp. No. 27.

Daniel E. Bacine, Barrack, Rodos & Bacine, Philadelphia, Pa., for Ascott Inv. Corp., Michael J. Asbell, Philip S. Cottone, Brad M. Ingerman.

Kevin Norris, Philadelphia, Pa., for Laventhal & Horwath.

MEMORANDUM AND ORDER

VAN ANTWERPEN, District Judge.

(1.) Background

The plaintiffs have brought the instant case under the following statutes: sections 12 and 15 of the Securities Act of 1933, 15 U.S.C. §§ 77l, 77o, 77q(a); sections 10(b) and 20 of the Securities Exchange Act of 1934 and SEC Rule 10b-5, 15 U.S.C. §§ 78j(b) and 78t, 17 C.F.R. § 240.10b-5; The Racketeer Influenced and Corrupt Organizations...

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