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IN RE ASHANTI GOLDFIELDS SECURITIES LITIGATION

No. CIV.A. CV00-0717(DGT).

184 F.Supp.2d 247 (2002)

In re ASHANTI GOLDFIELDS SECURITIES LITIGATION.

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

February 13, 2002.

Attorney(s) appearing for the Case

Paul D. Young, Milberg Weiss Bershad Hynes & Lerach LLP, New York, NY, Attorneys for the plaintiffs.

Scott A. Edelman, Milbank, Tweed, Hadley & McCloy LLP, New York, NY, Attorneys for the defendants.

MEMORANDUM AND ORDER

TRAGER, District Judge.

A group of shareholders in Ashanti Goldfields Company Limited ("Ashanti") brought this action against Ashanti and two of its officers, Mark B. Keatley (CFO and member of the board of directors) and Sam Jonah (CEO and member of the board of directors), alleging that Ashanti and the officers of Ashanti made fraudulent statements between July 28, 1999 and October 5, 1999 in violation of § 10(b) of the...

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