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IN RE HUNTER ENVIRONMENTAL SERVICES, INC. SECURITIES LITIGATION

No. 3:93cv031 (DJS).

921 F.Supp. 914 (1996)

In re HUNTER ENVIRONMENTAL SERVICES, INC. SECURITIES LITIGATION. Norman and Doris F. LEVIN, et al., Plaintiffs, v. HUNTER ENVIRONMENTAL SERVICES, et al., Defendants.

United States District Court, D. Connecticut.

March 29, 1996.

Attorney(s) appearing for the Case

J. Daniel Sagarin, Elias A. Alexiades, Hurwitz & Sagarin, Milford, CT, Joshua H. Vinik, Milberg, Weiss, Bershad, Hynes & Lerach, New York City, Robert P. Frutkin, Savett, Frutkin, Podell & Ryan, Philadelphia, PA, Jonathan M. Plasse, Goodkind, Labaton, Rudoff & Sucharow, New York City, for plaintiff.

John S. McGeeney, Harold Nelson Eddy, Jr., Douglas C. Conroy, Paul, Hastings, Janofsky & Walker, Stamford, CT, Michael J. McHugh, Rich, May, Bilodeau & Flaherty, Boston, MA, for defendants.

MEMORANDUM OPINION AND ORDER

SQUATRITO, District Judge.

1. INTRODUCTION

Plaintiffs originally filed this putative class action on January 8, 1993, alleging violations of sections 10(b) and 20 of the Securities and Exchange Act of 1934 ("the Act"), 15 U.S.C. §§ 78j(b), 78t(a), and Rule 10b-5 promulgated thereunder by the Securities and Exchange Commission ("SEC"). 17 C.F.R. 240.10b-5. They allege that Defendant Hunter Environmental...

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