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IN RE SUNRISE SECURITIES LITIGATION

MDL No. 655.

818 F.Supp. 830 (1993)

In re SUNRISE SECURITIES LITIGATION.

United States District Court, E.D. Pennsylvania.

April 13, 1993.

Attorney(s) appearing for the Case

Squire, Sanders & Dempsey, Donald T. Bucklin, Scott T. Kragie, John B. Bulgozdy, Washington, DC, for plaintiff F.D.I.C.

Ballard, Spahr, Andrews & Ingersoll, Alan J. Davis, Robert McL. Boote, Donald P. Alexander, Philadelphia, PA, for defendant Deloitte, Haskins & Sells.

MEMORANDUM

O'NEILL, District Judge.

I. Introduction

In 1986, the Federal Savings and Loan Insurance Corporation ("FSLIC") in its corporate capacity brought this action against the former attorneys and former officers and directors of the Old Sunrise Savings and Loan Corporation.1 In January, 1989, FSLIC amended its complaint and added Old Sunrise's former independent auditors, Deloitte, Haskins & Sells, as...

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