GRAFF v. PRIME RETAIL, INC.

Nos. Civ.JFM-00-3080, Civ.JFM-00-3179, Civ.JFM-00-3212, Civ.JFM-00-3253, Civ.JFM-00-3305, Civ.JFM-00-3571, Civ.-JFM-00-3629.

172 F.Supp.2d 721 (2001)

David GRAFF, Lead Plaintiff, v. PRIME RETAIL, INC., et al., Defendants. Carl Goldman v. Prime Retail, Inc., et al. Jerry Towbin v. Prime Retail, Inc., et al. Irwin Berlin v. Prime Retail, Inc., et al. Theodore Role v. Prime Retail, Inc., et al. Louis Carola v. Prime Retail, Inc., et al. Robert Corwin v. Prime Retail, Inc., et al.

United States District Court, D. Maryland.

November 8, 2001.


Attorney(s) appearing for the Case

John B. Isbister, Tydings and Rosenberg, Baltimore, MD, Michael C. Spencer, Milberg Weiss Bershad Hynes & Lerach, LLP, New York City, James O'Neill, III, Tydings & Rosenberg, LLP, Baltimore, MD, Eric H. Karp, Witmer, Karp, Warner and Thuotte, LLP, Boston, MA, Mary Lynne Calkins, Milberg Weiss Bershad Hynes and Lerach, New York City, Steven G. Schulman, Milberg, Weiss, et al, New York City, Samuel Rudman, Hynes & Learch, New York City, Burton Finkelstein, Finkelstein Thompson and Loughran, Washington, DC, Donald J. Enright, Finkelstein, Thompson & Loughran, Washington, DC, Paul Francis Evelius, Wright Constable and Skeen LLP, Baltimore, MD, for Plaintiffs.

C. Paul Chalmers, Laurie Smilan, Wilson Sonsini Goodrich and Rosati, McLean, VA, Matthew M. Neumeier, Jenner and Block, Chicago, IL, Mark Schneider, Law Office, Washington, DC, Jefferson V. Wright, Miles and Stockbridge PC, Baltimore, MD, for Defendants.


MEMORANDUM

MOTZ, District Judge.

Plaintiffs, a group of investors, have brought suit under the Securities Exchange Act of 1934, alleging violations of § 10(b) and § 20(a), as well as a violation of Securities and Exchange Commission Rule 10b-5. They claim that Defendants, Prime Retail and its top officers, made material misstatements and omissions in the months preceding an announcement by Prime Retail that it would suspend its

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