IN RE PARACELSUS CORP. SECURITIES LITIGATION

No. H-96-3464.

61 F.Supp.2d 591 (1998)

In re PARACELSUS CORP. SECURITIES LITIGATION.

United States District Court, S.D. Texas, Houston Division.

November 2, 1998.


Attorney(s) appearing for the Case

Roger Farrell Claxton, Kilgore & Kilgore, Dallas, TX, Michael J. Pucillo, Burt & Pucillo, West Palm Beach, FL, Terrell Wallace Oxford, Susman Godfrey, Dallas, TX, Jonathan K. Levine, Frederic S. Fox, Kaplan Kilsheimer and Fox, New York City, Daniel L. Berger, Bernstein Litowitz Berger and Grossman, New York City, Katherine M. Ginzburg, Susman Godfrey, Houston, TX, Kevin J. Yourman, Los Angeles, CA, Mark S. Levine, Weiss & Yourman, Los Angeles, CA, Michael Braun, Stull Stull et al., Los Angeles, CA, for Hayley W. Werner, Alan Gordich, Gary Matzner, J.A. Ziskind.

David E. Sharp, Roger B. Greenberg, Daniel L. Berger, Greenberg Peden Siegmyer & Oshman, Houston, TX, for Barry Garber.

Roger B. Greenberg, Greenberg Peden Siegmyer & Oshman, Houston, TX, Daniel L. Berger, Bernstein Litowitz Berger and Grossman, New York City, for James Kramer, Joseph Lipsky.

John R. Knight, Houston, TX, for Lawrence Rice, Jaclyn Alexander Knight.

Kenneth G. Gilman, David Pastor, Peter A. Lagorio, Gilman and Pastor, Boston, MA, Larry Richard Veselka, Smyser Kaplan & Veselka, Houston, TX, Daniel L. Berger, Bernstein Litowitz Berger and Grossman, New York City, Daniel C. Girard, Robert A. Jigarjian, Girard and Green, San Francisco, CA, for James G. Caven.

Richard P. Keeton, Abby Meislmen, Mayor Day Caldwell & Keeton, Houston, TX, Andrew B. Weisman, Arthur F. Mathes, Wilmer Cutler and Pickering, Washington, DC, for Paracelsus Health.

Robert Roy Burford, Jean C. Frizzell, Gibbs & Bruns, Houston, TX, for Manfred George Krukemeyer, Scott Barton, Michael Hoffman, Christian Lange.

Kim Bernard Battaglini, Akin Gump Strauss Hauer and Feld, Houston, TX, Joseph Paul Esposito, Sanford M. Saunders, Jr., Akin Gump Strauss Hauer and Feld, Washington, DC, Steven M. Pesner, Robert H. Pees, Akin Gump Strauss Hauer and Feld, New York City, for R.J. Messenger.

Richard H. Borow, Kenneth R. Heitz, Marc A. Fenster, Irell and Manella, Los Angeles, CA, for James T. Rush.

Gerard G. Pecht, Fulbright and Jaworski, Houston, TX, for Bear Stearns & Co., Inc., Smith Barney, Inc., Chicago Corp., Park Hosp. GMBH, Donaldson, Lufkin & Jenrette, Inc.

Robert Ross Harrison, Houston, TX, for Patricia Greenberg, movant.

Edward Huddleston, Robert F. Watson, Law Snakard and Gambill, Fort Worth, TX, for Donald R. Patterson, movant, Charles Miller, James G. Vandevender.

Stanley Parzen, Mayer Brown & Platt, Chicago, IL, for Ernst & Young.


MEMORANDUM AND ORDER

WERLEIN, District Judge.

Pending is a Motion to Dismiss Defendant Paracelsus Healthcare Corporation (Document No. 166). After having reviewed the motion, the response, the reply, and the applicable law, the Court concludes that the Motion to Dismiss Defendant Paracelsus Healthcare Corporation should be GRANTED, but with leave for Plaintiffs to file a more definite statement on Count...

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