Erskine, Wolfson, Matzko & Pierson by Daniel B. Pierson, Philadelphia, Pa., for defendants FSI Corp., Harold C. Yates, Paul T. Bynum, Paul W. Miller, Woodrow H. Wilson, Angelo Mantione, Robert H. McCormick, W. J. Shumaker, Louie E. Throgmorton, C. Glenn Fry, Peter T. Dumbauld, Harold W. Brake, William J. Glah and W. Stacy Branum.
Andrew E. McColgan, pro se.
Peter Hearn, Pepper, Hamilton & Scheetz, Philadelphia, Pa., for defendant Diversified Growth Corp.
Philip M. Hammett, Schnader, Harrison, Segal & Lewis, Philadelphia, Pa., for defendant Propert.
White & Williams by Jan E. DuBois, Philadelphia, Pa., for defendants American Diversified, Kinker, Goolsby.
Seymour I. Toll, Philadelphia, Pa., for defendant American Growth Fund, Inc., Thomas C. Fitzgerald, Jr., and Donald E. Burks.
Robert K. Duffy, Hatboro, Pa., for defendant Morris Messer.
Gentle, Fraser & Berthold by Jerry L. Berthold, Atlanta, Ga., for defendant McColgan.
Gregory M. Harvey, Philadelphia, Pa., for defendants Sullivan and Nauman, Smith, Shissler and Hall.
United States District Court, E. D. Pennsylvania.
MEMORANDUM AND ORDER
HANNUM, District Judge.
This is a derivative action brought by four shareholders of Eastern Empire Corporation ("Eastern Empire") against 32 individuals and corporate defendants.1 In a 37 page complaint devoid of clarity and precision the plaintiffs charge the defendants with various violations of the federal securities laws,2 as well as numerous state law claims
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