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IN RE CHAUS SECURITIES LITIGATION

No. 88 Civ. 8641 (SWK).

801 F.Supp. 1257 (1992)

In re CHAUS SECURITIES LITIGATION.

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

September 1, 1992.

Attorney(s) appearing for the Case

Greenfield & Chimicles by Richard D. Greenfield, Mark C. Rifkin, Haverford, Pa. (Lead counsel), Kaplan & Kilsheimer by Robert N. Kaplan, Richard J. Kilsheimer, New York City (liaison counsel), Cohen, Milstein, Hausfeld & Toll by Steven J. Toll, Mark S. Willis, Washington, D.C., Gross & Metzger by Bernard M. Gross, Philadelphia, Pa., for plaintiffs.

Pryor, Cashman, Sherman & Flynn by Donald S. Zakarin, Andrew H. Bart, Anne E. Kershaw, Stuart L. Melnick, New York City, for defendants Bernard Chaus, Inc., Bernard Chaus and Josephine Chaus.

Roger & Wells by James N. Benedict, Michael F. Coyne, Gary R. Carney, Jon Heller, Nancy P. Margolis, New York City, for defendants Merrill Lynch, Pierce, Fenner & Smith, Inc. and Bear Stearns & Co., Inc.

MEMORANDUM OPINION AND ORDER

KRAM, District Judge.

Plaintiffs Lisa A. Phifer, I. Bibicoff Inc. Pension Trust Fund, Gerald S. Susman and Diana Goldshlack bring this action alleging violations of §§ 11 and 12(2) of the Securities Act of 1933 (the "1933 Act"), as amended, 15 U.S.C. §§ 77k and 77l(2), § 10(b) of the Securities Exchange Act of 1934 (the "Exchange Act" or "1934 Act"), as amended, 15 U.S.C. § 78j(b) and Rule...

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