In re RAC MORTGAGE INVESTMENT CORPORATION SECURITIES LITIGATION.
United States District Court, D. Maryland.https://leagle.com/images/logo.png
May 15, 1991.
May 15, 1991.
Attorney(s) appearing for the Case
Stanley R. Wolfe, Stephen Ramos, Berger & Montague, P.C., Philadelphia, Pa., Bruce Gerstein, Scott Fisher, Garwin, Bronzaft, Gerstein & Fisher, Eugene Spector, Paul Scarlato, Eugene A. Spector & Associates and Joel Berstein, Kantor, Berstein & Kantor, New York City, of counsel; William Sammons, John Isbister, Tydings & Rosenberg, Charles Piven, Cohan & Francomano, Baltimore, Md., Richard Schiffren, Schiffren & Craig, Chicago, Ill., Robert Roseman, Mark Goldman, Rudolph, Seidner, Goldstein, Rochestie & Salmon, P.C., Philadelphia, Pa., Margaret Dobies, Berman, Delvalerio & Pease, Boston, Mass., Steven Toll, Cohen, Milstein, Hausfeld & Toll, Washington, D.C., Lawrence Sucharow, Frederick Eisenberg, Goodkind, Labaton & Rudoff, Robert Harwood, Wechsler, Skinrnick, Harwood, Halebian & Feffer, Stephen Oestreich, Wolf, Popper, Ross, Wolf & Jones, Mark Gardy, Abbey & Ellis, Joseph Weiss, New York City, and R.J. Coughlan, Coughlan, Semmer & Lipman, San Diego, Cal., for plaintiffs.
Charles E. Davidow, Mark Cahn, Wilmer, Cutler & Pickering, Washington, D.C., James Farnham, Randolph Totten, Huton & Williams, Richmond, Va., Francis Burch, Jr., Piper & Marbury, and Andrew Graham and Lee Ogburn, Kramon & Graham, Baltimore, Md., for defendants.
United States District Court, D. Maryland.
MEMORANDUM
MOTZ, District Judge.
This is a class action brought on behalf of persons who purchased shares of the common stock of RAC Mortgage Investment Corporation ("RAC") in an initial public offering ("IPO") in February 1988, a second public offering ("SPO") in September 1988, and in the open market from the date of the IPO until June 26, 1989. The defendants are RAC and various officers and directors of RAC...
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