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GREENBERG v. BEAR STEARNS & CO., INC.

Nos. 99 CV 2788, 99 CV 2789.

80 F.Supp.2d 65 (2000)

Howard GREENBERG, Plaintiff, v. BEAR STEARNS & CO., INC., and Bear Stearns Securities Corp., Defendants. Robert Levitt for himself and as custodian for Richard Levitt and Monica Levitt, Robert Rice, Stephen G. Siben, Stephen Strobehn, Stanley Veltkamp, Philip C. Vitanza for himself and Elizabeth Vitanza and Luke Vitanza, John T. White, Guy V. Wood, Carl Zander, Jr., and Ted M. and Kathryn N. Jones, as Trustees, Plaintiffs, v. Bear Stearns & Co., Inc., and Bear Stearns Securities Corp., Defendants.

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

January 22, 2000.

Attorney(s) appearing for the Case

Morley and Trager, New York City, NY, by Leslie Trager, of counsel, for the plaintiffs Howard Greenberg and Robert Levitt.

Kirby McInerney & Squire, LLP, New York City, NY, by Lewis S. Sandler, of counsel, for the Lead Class plaintiffs in the In Re Sterling Foster.

Milberg Weiss Bershad Hynes & Lerach, LLP, New York City, NY, by Robert A. Wallner, of counsel, for the Lead Class Plaintiffs in the In Re Sterling Foster.

Goodkind Labaton Rudoff & Sucharow, LLP, New York City, NY, by Ira A. Schochet, of counsel, for the Lead Class Plaintiffs in the In Re Sterling Foster.

Arnold & Porter, New York City, NY, by Peter L. Zimroth, Scott B. Schreiber, Kerry A. Dziubek, David Weintraub, of counsel, for the defendants.

MEMORANDUM OF DECISION AND ORDER

SPATT, District Judge.

On January 19, 1999, Howard Greenberg filed a class action on behalf of purchasers of ML Direct stock against Bear Stearns in the United States District Court, Southern District of New York, Greenberg v. Bear Stearns (No. 99 CIV 359[JSM]). On February 9, 1999, additional plaintiffs, in an action entitled Robert Levitt, et al. v. Bear Stearns (No. 99 CIV 1115[JSM]), filed a second action...

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