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IN RE MAGIC MARKER SECURITIES LIT.

Civ. A. No. 77-3155.

472 F.Supp. 436 (1979)

In re MAGIC MARKER SECURITIES LITIGATION. J. L. WOLGIN et al. v. MAGIC MARKER CORPORATION et al.

United States District Court, E. D. Pennsylvania.

June 25, 1979.

Attorney(s) appearing for the Case

Sherrie R. Savett, Berger & Montague, Philadelphia, Pa., for plaintiffs.

Peter S. Greenberg, Schnader, Harrison, Segal & Lewis, Philadelphia, Pa., for defendants.

MEMORANDUM

LUONGO, District Judge.

Plaintiffs in this securities fraud class action are investors who purchased Magic Marker Corporation common stock during a period of alleged price manipulation. The third consolidated amended complaint alleges that over a period of nearly two years, some forty individuals and corporate defendants took part in a wide-ranging conspiracy to artificially inflate the price of Magic Marker stock. Although plaintiffs assert several...

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