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DEUTSCHMAN v. BENEFICIAL CORP.

Civ. A. No. 86-595 MMS.

761 F.Supp. 1080 (1991)

Robert M. DEUTSCHMAN and Stephen A. Caffrey, Plaintiffs, v. BENEFICIAL CORPORATION, Finn M.W. Caspersen, and Andrew C. Halvorsen, Defendants.

United States District Court, D. Delaware.

April 19, 1991.

Attorney(s) appearing for the Case

Robert D. Goldberg, of Biggs & Battaglia, Wilmington, Del., Richard B. Dannenberg, Richard Bemporad, David C. Harrison, and Jill Rosell, of Lowey, Dannenberg, Bemporad, Brachtl & Selinger, P.C., of counsel, New York City, for plaintiff Robert M. Deutschman.

Irving Morris, and Kevin Gross, of Morris, Rosenthal, Monhait & Gross, P.A., Wilmington, Del., for plaintiff Stephen A. Caffrey.

Charles F. Richards, Jr., Kevin G. Abrams, and Michael J. Feinstein, of Richards, Layton & Finger, Wilmington, Del., Dewey, Ballantine, Bushby, Palmer & Wood, of counsel, New York City, for defendants.

OPINION

MURRAY M. SCHWARTZ, Senior District Judge.

This securities fraud class action was filed by the named plaintiff, Robert M. Deutschman, on December 22, 1986. The amended complaint alleges causes of action for violation of federal securities laws, specifically sections 10(b) and 20(a) of the Securities and Exchange Act of 1934, 15 U.S. C.A. §§ 78j(b) & 78t(a) and Rule 10b-5, 17 C.F.R. § 240.10b-5, promulgated thereunder and for common...

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