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IN RE FIRST AMERICAN CENTER SECURITIES LITIGATION

No. MDL No. 869 (CLB).

807 F.Supp. 326 (1992)

In re FIRST AMERICAN CENTER SECURITIES LITIGATION (All Actions). Robert D. DILLEY and Richard A. Biorn, On Behalf Of Themselves And All Others Similarly Situated, Plaintiffs, v. FIRST AMERICAN CENTER LIMITED PARTNERSHIP, Shearson Lehman Brothers Inc., Formerly Known as Shearson Lehman Hutton Inc., Shearson Lehman First American Center, Inc., A. George Kallop, Paul W. Perkins, Gary D. Gallagher, William M. Kahn, Robert F. Greenwald, and Marshall and Stevens Incorporated, Defendants.

United States District Court, S.D. of New York.

Issued Nunc Pro Tunc October 13, 1992.

Attorney(s) appearing for the Case

Andrew Lamis, Lieff Cabraser & Heimann, San Francisco, CA, for plaintiffs.

William D. Gallagher, McMahon, Martine & Merritt, New York City, for defendants.

MEMORANDUM & ORDER

BRIEANT, Chief Judge.

On July 10, 1991, defendants Shearson Lehman Brothers Inc., Shearson Lehman Hutton Inc., First American Center Limited Partnership, Shearson Lehman First American Center Inc., A. George Kallop, Paul W. Perkins, Gary D. Gallagher, William M. Kahn, and Robert F. Greenwald (hereinafter referred to as the "Shearson defendants") moved to dismiss the Consolidated Class Action Complaint (hereinafter "the Complaint")...

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