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KING v. LIVENT, INC.

No. 98 Civ. 7161(RWS).

36 F.Supp.2d 187 (1999)

Dorian KING and Diane King Jtwros, on behalf of themselves and all others similarly situated, Plaintiffs, v. LIVENT, INC., Garth H. Drabinsky, Myron I. Gottlieb, Maria Messina, Livent (U.S.) Inc., Livent Capital, Inc., Livent International, Inc., Livent Realty (Chicago), Inc. and Deloitte & Touche Chartered Accountants, Defendants.

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

February 17, 1999.

Attorney(s) appearing for the Case

Pomerantz Haudek Block Grossman & Gross by Stanley M. Grossman, Patrick V. Dahlstrom, New York City, Law Offices of Lionel Z. Glancy, by Lionel Z. Glancy, Peter A. Binkow, Los Angeles, CA, for Plaintiffs.

Skadden, Arps, Slate, Meagher & Flom by Douglas M. Kraus, William Bernarduci, New York City, for Defendants.

Kirkland & Ellis by Frank M. Holozubiec, New York City, for Unofficial Committee.

OPINION

SWEET, District Judge.

Dorian King and Diane King Jtwros (the "Kings") have moved under Section 3 of the Private Securities Litigation Reform Act, 15 U.S.C. § 78u-4(a)(3) (the "PSLRA"), for appointment as lead plaintiffs and the appointment of lead counsel in this securities class action. For the reasons set forth below, the motion is denied.

Prior Proceedings

On April 2, 1998, the Kings purchased a face amount...

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