IN RE CINAR CORP. SECURITIES LITIGATION

No. MDL 00-1362(RJD).

186 F.Supp.2d 279 (2002)

In re CINAR CORPORATION SECURITIES LITIGATION Phillip G. Kelley, Kathy H. Kelley, Michael G. Mayberry, and Sharon H. Mayberry, Plaintiffs, v. Cinar Corporation, Micheline Charest, and Ronald A. Weinberg, Defendants. Steven T. CARSON, Patricia L. Carson, and Janet B. Dellosa, Plaintiffs, v. Cinar Corporation, Cinar Holdings, Inc., Micheline Charest, Ronald A. Weinberg, and Hasanain Panju, Defendants. Karen Hilderbrand, individually and on behalf of a certain Electing Small Business Trust and a certain Irrevocable Trust, and Kim Thompson, individually and on behalf of certain Electing Small Business Trusts and a certain Irrevocable Trust, Plaintiffs, v. Cinar Corporation, Cinar Education Inc., Micheline Charest, Ronald A. Weinberg, and Hasanain Panju, Defendants.

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

As Corrected March 5, 2002.


Attorney(s) appearing for the Case

Neil L. Selinger, Esq., David Harrison, Esq., Jeanne F. D'Esposito, Esq., Lowey, Dannenberg, Bemporad & Selinger, P.C., White Plains, NY, for Class Action Plaintiffs.

Jeffrey J. Davis, Esq., M. James Grode, Esq., Moore & Van Allen, P.L.L.C., Charlotte, N.C., for Kelley Plaintiffs.

James T. Williams, Jr., Esq., Jennifer T. Harrod, Esq., Brooks, Pierce, McLendon, Humphrey & Leonard, L.L.P., Greensboro, N.C., for Carson Plaintiffs.

Michael S. Elkin, Esq., Sharon P. Carlstedt, Esq., Veronica E. Rendon, Esq., Thelen, Reid & Priest, L.L.P., New York City, for Hilderbrand Plaintiffs.

Bruce H. Schneider, Esq., Claude V. Szyfer, Esq., Melissa B. Papke, Esq., Susannah Sweeney, Esq., Stroock & Stroock & Lavan, L.L.P., New York City, for Defendants Cinar Corp., Cinar Holdings, Inc. and Cinar Education, Inc.

Andrew J. Levander, Esq., Louis M. Solomon, Esq., Neil A. Steiner, Esq., Swidler, Berlin, Shereff, Friedman, L.L.P., New York City, for Defendants Ronald A. Weinberg and Micheline Charest.

Lance Croffoot-Suede, Esq., Sharon M. Sash, Esq., Squadron, Ellenoff, Plesent & Sheinfeld, L.L.P., New York City, for Defendant Marie-Josée Corbeil.

Paul J. Bschorr, Esq., Dewey Ballantine, L.L.P., New York City, for Defendant Hasanain Panju.

Jerome G. Snider, Esq., Matthew S. Stewart, Esq., Daniel F. Kolb, Esq., William C. Komaroff, Esq., Davis, Polk and Wardwell, New York City, for Defendant Ernst & Young, L.L.P.


MEMORANDUM & ORDER

DEARIE, District Judge.

This case involves four separate actions arising out of allegedly fraudulent disclosures made by defendant CINAR Corporation ("CINAR" or "the Company") and its officers in various public financial statements issued during the period from April 8, 1998 through March 10, 2000. The first suit, In re CINAR Corporation Securities Litigation, No. 00-CV-1086 (E.D.N.Y. 2000), is a class action brought...

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