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IN RE TOWERS FINANCIAL CORP. NOTEHOLDERS LIT.

No. 93 Civ. 0810 (WK) (AJP).

936 F.Supp. 126 (1996)

In re TOWERS FINANCIAL CORPORATION NOTEHOLDERS LITIGATION, and Related Cases.

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

As Amended August 2, 1996.

Attorney(s) appearing for the Case

Jared Stamell, Stamell & Schager, New York City, Daniel C. Girard, Girard & Green, San Francisco, CA, for Plaintiffs.

Philip S. Kaufman, Kramer, Levin, Naftalis & Frankel; New York City, Joseph E. Coughlin, Lord Bissell & Brook, Chicago, IL, for Defendants.

OPINION AND ORDER

WHITMAN KNAPP, Senior District Judge.

Before us is a Second Consolidated Amended Class Action Complaint ("the Complaint") in an action brought by plaintiffs on behalf of all persons who purchased or reinvested in notes issued by defendant Towers Financial Corporation during the period from February 15, 1989 through February 9, 1993.

One of the many defendants, the law firm of Squadron, Ellenoff, Plesent, Sheinfeld & Sorkin...

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