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CRAIG v. SEARS ROEBUCK & CO.

Nos. 02 C 7527, 02 C 7619, 02 C 7653, 02 C 7659, 02 C 7706, 02 C 8074, 02 C 8311, 02 C 8707, 02 C 8806.

253 F.Supp.2d 1046 (2003)

Ann S. CRAIG, on behalf of herself and all others similarly situated, et al. Plaintiffs, v. SEARS ROEBUCK & CO., Alan Lacy, Paul J. Liska, Glenn Richter, and Thomas E. Bergmann, Defendants.

United States District Court, N.D. Illinois, Eastern Division.

March 26, 2003.

Attorney(s) appearing for the Case

Marvin Alan Miller, Jennifer Winter Sprengel, Lori Ann Fanning, Dominic J. Rizzi, Miller Faucher and Cafferty, LLP, Chicago, IL, Steven G Schulman, Andrei V Rado, Milberg, Weiss, Bershad, Hynes & Lerach LLP, New York, NY, Deborah R. Gross, Philadelphia, PA, Samuel H Rudman, Cauley, Geller, Bowman, Coates & Rudman LLP, Melville, NY, for Plaintiffs.

Harold C. Hirshman, Christopher Qualley King, John Claiborne Koski, Elissa Eun Choo Rhee-Lee, Sonnenschein, Nath & Rosenthal, Chicago, IL, Rachelle Silverberg, Warren Roger Stern, David B Lat, Joshua A Munn, Jed I Berman, Jed J Bergman, Wachtell, Lipton, Rosen & Katz, New York, NY, for Defendants.

MEMORANDUM OPINION AND ORDER

BUCKLO, District Judge.

Various actions have been filed pursuant to the Securities Exchange Act of 1934, 15 U.S.C. sec. 78j(b) and 78t(a) and Rule 10b-5, against Sears, Roebuck & Co. and several individuals, alleging that Sears falsely represented the health of its business during the class period, in particular by failing to disclose that customer defaults on Sears credit cards had risen dramatically and that the...

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