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IN RE IN-STORE ADVERTISING SECURITIES LITIGATION

No. 90 Civ. 5594 (PKL).

878 F.Supp. 645 (1995)

In re IN-STORE ADVERTISING SECURITIES LITIGATION.

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

February 22, 1995.

Attorney(s) appearing for the Case

Milberg Weiss Bershad Hynes & Lerach, New York City, Sharon Levine Mirsky, Janine L. Pollack, of counsel, Wolf Popper Ross Wolf & Jones, New York City, Marian P. Rosner, Robert C. Finkel, of counsel, for plaintiffs.

Davis, Scott, Weber & Edwards, P.C., New York City, Mark J. Schiller, George A. Salter, of counsel, for moving defendant.

Fried, Frank, Harris, Shriver & Jacobson, New York City, Matthew Gluck, Bonnie Kayatta-Steingart, of counsel, Kirkland & Ellis, New York City, William H. Pratt, Frank M. Holozubiec, of counsel, for non-moving defendants.

OPINION AND ORDER

LEISURE, District Judge:

This action arises from the sale of common stock by In-Store Advertising Co. ("In-Store"). Plaintiffs purport to represent a class of persons who purchased In-Store common stock. There are three groups of original defendants (the "defendants"), and KPMG Peat Marwick ("Peat Marwick") was brought into the instant action, as an additional defendant, in July 1993. Peat Marwick now moves this Court for an order...

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