SCHMALZ v. SOVEREIGN BANCORP, INC.

Civil Action No. 08-CV-0857, Consolidated No. 08-CV-1991.

EMANUAL SCHMALZ, individually, and on behalf of all others similarly situated, v. SOVEREIGN BANCORP, INC., et al.

United States District Court, E.D. Pennsylvania.

April 18, 2012.


Attorney(s) appearing for the Case

EMANUEL SCHMALZ, Plaintiff, represented by DEBORAH R. GROSS, LAW OFFICES BERNARD M. GROSS, PC, JEFFREY M. NORTON, HARWOOD FEFFER LLP, ROBERT I. HARWOOD, HARWOOD FEFFER LLP, TANYA KORKHOV, HARWOOD FEFFER LLP & SUSAN R. GROSS, LAW OFFICES BERNARD GROSS, P C.

GAIL WENTWORTH, Individually and on Behalf of all others Similarly Situated, Plaintiff, represented by SUSAN R. GROSS, LAW OFFICES BERNARD GROSS, P C & JEFFREY M. NORTON, HARWOOD FEFFER LLP.

SOVEREIGN BANCORP, INC., Defendant, represented by ALEXIS GABRIELLE COCCO, REED SMITH LLP, DANIEL E. WILLE, REED SMITH LLP, JOHN F. SMITH, REED SMITH LLP & SHANNON ELISE MCCLURE, REED SMITH LLP.

JOSEPH P. CAMPANELLI, Defendant, represented by ALEXIS GABRIELLE COCCO, REED SMITH LLP, DANIEL E. WILLE, REED SMITH LLP, JOHN F. SMITH, REED SMITH LLP & SHANNON ELISE MCCLURE, REED SMITH LLP.

P. MICHAEL EHLERMAN, Defendant, represented by ALEXIS GABRIELLE COCCO, REED SMITH LLP, DANIEL E. WILLE, REED SMITH LLP, JOHN F. SMITH, REED SMITH LLP & SHANNON ELISE MCCLURE, REED SMITH LLP.

BRIAN HARD, Defendant, represented by ALEXIS GABRIELLE COCCO, REED SMITH LLP, DANIEL E. WILLE, REED SMITH LLP, JOHN F. SMITH, REED SMITH LLP & SHANNON ELISE MCCLURE, REED SMITH LLP.

MARIAN L. HEARD, Defendant, represented by ALEXIS GABRIELLE COCCO, REED SMITH LLP, DANIEL E. WILLE, REED SMITH LLP, JOHN F. SMITH, REED SMITH LLP & SHANNON ELISE MCCLURE, REED SMITH LLP.

GONZALO DE LAS HERAS, Defendant, represented by ALEXIS GABRIELLE COCCO, REED SMITH LLP, DANIEL E. WILLE, REED SMITH LLP, JOHN F. SMITH, REED SMITH LLP & SHANNON ELISE MCCLURE, REED SMITH LLP.

ANDREW C. HOVE, JR., Defendant, represented by ALEXIS GABRIELLE COCCO, REED SMITH LLP, DANIEL E. WILLE, REED SMITH LLP, JOHN F. SMITH, REED SMITH LLP & SHANNON ELISE MCCLURE, REED SMITH LLP.

JUAN RODRIGUEZ INCIARTE, Defendant, represented by ALEXIS GABRIELLE COCCO, REED SMITH LLP, DANIEL E. WILLE, REED SMITH LLP, JOHN F. SMITH, REED SMITH LLP & SHANNON ELISE MCCLURE, REED SMITH LLP.

WILLIAM J. MORAN, Defendant, represented by ALEXIS GABRIELLE COCCO, REED SMITH LLP, DANIEL E. WILLE, REED SMITH LLP, JOHN F. SMITH, REED SMITH LLP & SHANNON ELISE MCCLURE, REED SMITH LLP.

MARIA FIORINI RAMIREZ, Defendant, represented by ALEXIS GABRIELLE COCCO, REED SMITH LLP, DANIEL E. WILLE, REED SMITH LLP, JOHN F. SMITH, REED SMITH LLP & SHANNON ELISE MCCLURE, REED SMITH LLP.

CAMERON C. TROILO, SR., Defendant, represented by ALEXIS GABRIELLE COCCO, REED SMITH LLP, DANIEL E. WILLE, REED SMITH LLP, JOHN F. SMITH, REED SMITH LLP & SHANNON ELISE MCCLURE, REED SMITH LLP.

RALPH V. WHITWORTH, Defendant, represented by ALEXIS GABRIELLE COCCO, REED SMITH LLP, DANIEL E. WILLE, REED SMITH LLP, JOHN F. SMITH, REED SMITH LLP & SHANNON ELISE MCCLURE, REED SMITH LLP.

RETIREMENT SAVINGS PLAN COMMITTEE OF SOVEREIGN BANCORP, INC., Defendant, represented by ALEXIS GABRIELLE COCCO, REED SMITH LLP, DANIEL E. WILLE, REED SMITH LLP, JOHN F. SMITH, REED SMITH LLP & SHANNON ELISE MCCLURE, REED SMITH LLP.

COMPENSATION COMMITTEE OF SOVEREIGN BANCORP, INC., Defendant, represented by ALEXIS GABRIELLE COCCO, REED SMITH LLP, DANIEL E. WILLE, REED SMITH LLP, JOHN F. SMITH, REED SMITH LLP & SHANNON ELISE MCCLURE, REED SMITH LLP.

FAY A. KNABB, Defendant, represented by JOHN F. SMITH, REED SMITH LLP, ALEXIS GABRIELLE COCCO, REED SMITH LLP & SHANNON ELISE MCCLURE, REED SMITH LLP.

JOHN FRY, Defendant, represented by JOHN F. SMITH, REED SMITH LLP, ALEXIS GABRIELLE COCCO, REED SMITH LLP & SHANNON ELISE MCCLURE, REED SMITH LLP.

DANIEL K. ROTHERMAL, Defendant, represented by JOHN F. SMITH, REED SMITH LLP, ALEXIS GABRIELLE COCCO, REED SMITH LLP & SHANNON ELISE MCCLURE, REED SMITH LLP.

JAY S. SIDHU, Defendant, represented by JOHN F. SMITH, REED SMITH LLP, ALEXIS GABRIELLE COCCO, REED SMITH LLP & SHANNON ELISE MCCLURE, REED SMITH LLP.

JOHN DOES1-20, Defendant, represented by ALEXIS GABRIELLE COCCO, REED SMITH LLP, JOHN F. SMITH, REED SMITH LLP & SHANNON ELISE MCCLURE, REED SMITH LLP.


ORDER

J. WILLIAM DITTER, Jr., District Judge.

AND NOW, this 17th day of April, 2012, upon consideration of the defendants' motion to dismiss (Dkt. # 30) and plaintiffs' response thereto, as well as the numerous supplemental filings by the parties,

IT IS HEREBY ORDERED that defendants' motion to dismiss is GRANTED in part and DENIED in part as follows:

1. Defendants' motion to dismiss is GRANTED as to counts I, II, III, V, and VI.

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