IN RE PITTSBURGH & LAKE ERIE RR CO. SEC. & ANTITR. LIT.

M.D.L. No. 134.

387 F.Supp. 906 (1974)

In re The PITTSBURGH AND LAKE ERIE RR CO. SECURITIES AND ANTITRUST LITIGATION.

United States District Court, E. D. Pennsylvania.

December 6, 1974.


Attorney(s) appearing for the Case

Victor Wright, Fox, Rothschild, O'Brien & Frankel, Philadelphia, Pa., for Mary Crowell.

Frederick N. Egler, Egler, McGregor & Renstadtler, Pittsburgh, Pa., Stewart Dalzell, Drinker, Biddle & Reath, Philadelphia, Pa., for P & LE RR Co.

Gilbert J. Helwig, Reed, Smith, Shaw & McClay, Pittsburgh, Pa., for Henry G. Allyn, Jr., John M. Balliet, Francis Cameron, Robert W. Carroll, Gordon E. Neuenschwander, Willard F. Rockwell, Edwin Hodge, Jr., Andrew Van Pelt.

Thomas B. Rutter, Philadelphia, Pa., for A. E. Perlman.

Lewis H. VanDusen, Jr., Raymond K. Denworth, Jr., Philadelphia, Pa., for Paul A. Gorman.

Philip H. Strubing, Pepper Hamilton & Scheetz, Philadelphia, Pa., for Alan P. Kirby, W. Cordes Snyder, Jr., William P. Snyder, III.

Joseph N. Ewing, Robert W. Sayre, Saul, Ewing, Remick & Saul, Philadelphia, Pa., for Allison R. Maxwell, Jr.

Victor Wright, Fox, Rothschild, O'Brien & Frankel, Philadelphia, Pa., for Edward S. Bristol.

Frederick N. Egler, Egler, McGregor & Reinstadtler, Pittsburgh, Pa., for P & LE RR Co.

Gilbert J. Helwig, Reed, Smith, Shaw & McClay, Pittsburgh, Pa., for Henry G. Allyn, Jr., Robert W. Carroll, Gordon E. Neuenschwander, Willard F. Rockwell, Edwin Hodge, Jr., Andrew Van Pelt, C. E. LeSuer (P & LE Purch. Mgr.), R. W. Packer (P & LE Asst. Treas.).

Curtis D. Buford (not served).

Arthur R. Littleton, Thomas M. Kittredge, Morgan Lewis & Bockius, Philadelphia, Pa., for Fidelity Bank, Walter H. Geer (V. P. Fidelity), T. F. O'Connell (empl. Fidelity), K. M. Phillips (empl. Fidelity).

Joseph J. Connally, Ewing & Cohen, Philadelphia, Pa., for R. W. Loder (Asst. VP PC), T. A. Verlander, Jr. (Corp. Fin. Dir. PC).

John J. McCarty, Raynes, McCarty & Binder, Philadelphia, Pa., for John H. Shaffer (Treas. PC).

Gilbert J. Helwig, Pittsburgh, Pa., John E. Tener, Robinson, Robinson & Cole, Hartford, Conn., for District Court, Conn., Cameron, Evans, transferred to E. D. Va.

Eastern Dist. Wisconsin (to be dismissed).

Gilbert J. Helwig, Pittsburgh, Pa., for Balliet and So. Dist. Florida, Balliet.

Lewis H. Van Dusen, Jr., Raymond K. Denworth, Jr., Philip H. Strubing, Philadelphia, Pa., Mahlon F. Perkins, Jr., Donovan, Leisure, Newton & Irvine, New York City, for Dist. Ct. New Jersey, Gorman, Kirby.

Thomas A. Rutter, Philadelphia, Pa., for No. District Cal., Pearlman.

Eben H. Cockley, Robert J. Hoerner, Jones, Day, Cockley & Reavis, Cleveland, Ohio, for No. District Ohio, National City Bank, Eustis, Harvey, Seaman, Mannell.

J. Howe Brown, Jr., Boothe, Prichard & Dudley, Fairfax, Va., for Eastern Dist. of Virginia, Evans.


MEMORANDUM

GORBEY, District Judge.

Certain defendants have filed a motion for pretrial determination limiting recovery in this action to prorata recovery by certain shareholders and for other relief, and other defendants have joined in this motion. The defendants assign as a reason for the motion that if the plaintiffs prevail in these actions and recovery is allowed to go to P&LE, on whose behalf the claims have been derivatively asserted, the principal...

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