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IN RE TSENG LABS, INC. SEC. LITIGATION

Civil Action No. 93-2756.

954 F.Supp. 1024 (1996)

In re TSENG LABS, INC. SECURITIES LITIGATION.

United States District Court, E.D. Pennsylvania.

March 19, 1996.

Attorney(s) appearing for the Case

Stanley R. Wolfe, Jeffrey M. Krulik, Berger & Montague, P.C., Philadelphia, PA, Andrew N. Friedman, Steven J. Toll, Cohen, Milstein, Hausfeld & Toll, Washington, DC, Robert M. Wolff, Meredith, Cohen & Greenfogel, P.C., Philadelphia, PA, for Plaintiffs.

Jay A. Dubow, Wolf, Block, Schorr and Solis-Cohen, Philadelphia, PA, H. Robert Fiebach, Cozen and O'Connor, Philadelphia, PA, for Defendants.

Nancy E. Stuart, Hoyle, Morris & Kerr, Philadelphia, PA, Evie C. Goldstein, Weil, Gotshal & Manges, New York City, for movants.

MEMORANDUM

ROBERT F. KELLY, District Judge.

This is a securities fraud class action brought on behalf of all persons who purchased the common stock of Tseng Labs, Inc. ("TLI") during the period of October 29, 1992 through May 21, 1993 (the "Class Period"). In their Consolidated Amended Complaint, Plaintiffs allege that TLI and certain of its officers and directors artificially inflated the price of TLI's stock by making false and misleading statements...

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