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IN RE BLECH SECURITIES LITIGATION

No. 94 Civ. 7696(RWS).

961 F.Supp. 569 (1997)

In re BLECH SECURITIES LITIGATION.

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

As Amended April 4, 1997.

Attorney(s) appearing for the Case

Kaplan, Kilsheimer & Fox (Robert N. Kaplan, Richard J. Kilsheimer, of counsel), Milberg, Weiss, Bershad, Hynes & Lerach (David J. Bershad, Richard H. Weiss, Brad N. Friedman, of counsel), New York City, Gilman and Pastor by Kenneth G. Gilman, Peter A. Lagorio, Boston, MA, for Plaintiffs.

Weil, Gotshal & Manges (Dennis J. Block, Irwin H. Warren, Suzanne J. Romajas, of counsel), New York City, for Defendant Bear, Stearns & Co., Inc.

De Feis O'Connell & Rose (Gregory J. O'Connell, of counsel), Schlam Stone & Dolan (Bennette D. Kramer, of counsel), New York City, for Defendant Mordechai Jofen.

Robert N. Swetnick, New York City, for Defendant Nicholas Madonia.

SWEET, District Judge.

In these consolidated class actions alleging securities and common law fraud, defendants Mordechai Jofen ("Jofen"), Nicholas Madonia ("Madonia") and Bear, Stearns & Co., Inc. ("Bear Stearns") have moved separately to dismiss the claims brought against them in Plaintiffs' Second Amended Complaint (the "Complaint")1 on two grounds: first, for failure to plead fraud with particularity pursuant to Federal Rule of...

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