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IN RE PENN TREATY AMERICAN CORP. SECURITIES LIT.

Civil Action No. 01-1896.

202 F.Supp.2d 383 (2002)

In re PENN TREATY AMERICAN CORP. SECURITIES LITIGATION.

United States District Court, E.D. Pennsylvania.

May 15, 2002.

Attorney(s) appearing for the Case

Mare Topaz, Michael K. Yarnoff, Schiffrin and Craig, Bala Cynwyd, PA, for plaintiff.

Geoffrey A. Kahn, Douglas L. Flitter, Ballard, Spahr, Andrews and Ingersoll, Philadelphia, PA, for defendants.

Robert P. Frutkin, Law Offices of Bernard M. Gross, PC, Philadelphia, PA, for movants.

MEMORANDUM

BUCKWALTER, District Judge.

This is a securities class action lawsuit brought by shareholders of Penn Treaty American Corporation ("Penn Treaty" or the "Company") against the Company and two of its top executives. Plaintiffs allege that during the period July 23, 2000 through and including March 29, 2001 (the "Class Period"), Defendants made false and misleading statements and material omissions regarding the Company's financial health...

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