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BROGREN v. POHLAD

Civ. Nos. 3-93-714, 3-94-20.

960 F.Supp. 1401 (1997)

Karl E. BROGREN, and Paul R. Havig, on behalf of themselves and all others similarly situated, Plaintiffs, v. Carl R. POHLAD, et al., Defendants. Andrew SALPERTO, on behalf of himself and all others similarly situated, Plaintiffs, v. Carl R. POHLAD, et al., Defendants.

United States District Court, D. Minnesota, Third Division.

March 27, 1997.

Attorney(s) appearing for the Case

Frank A. Taylor, Robert C. Moilanen and Karen R. Cole, Popham, Haik, Schnobrich & Kaufman, Ltd., Minneapolis, MN, for Plaintiffs Brogren and Havig.

Lubna M. Faruqi, Faruqi & Faruqi, L.L.P., New York City, Roger W. Kirby and Jeffrey H. Squire, Kaufman, Malchman, Kirby & Squire, L.L.P., New York City, Brian Kidwell, Leonard, O'Brien, Wilford, Spencer & Gale, Minneapolis, MN, for Plaintiff Salperto.

Gregory P. Joseph, Douglas H. Flaum, Jeffrey S. Tolk, David R. Buchanan and Laura G. Birger, Fried, Frank, Harris, Shriver & Jacobson, New York City, David P. Pearson and Thomas H. Boyd, Winthrop & Weinstine, St. Paul, MN, for Defendants Pohlad, Benson, Carlson, Handmaker, Hughes and Cesario ("The MEI Defendants").

Roger J. Magnuson, Peter W. Carter and Clifford S. Anderson, Minneapolis, MN, for Defendants Irwin L. Jacobs, IMR Fund, L.P., IMR Management Partners, L.P., and IMR General, Inc. ("The IMR Defendants").

MEMORANDUM OPINION AND ORDER

DAVIS, District Judge.

INTRODUCTION

Before the Court are cross motions respecting summary judgment and class notice/decertification in this securities fraud class action. Plaintiffs comprise two overlapping classes of purchasers of MEI stock. They charge two sets of somewhat interrelated Defendants with misrepresenting MEI's economic prospects over a period of two years...

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