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IN RE INVESTORS FUNDING CORP., ETC.

MDL No. 290 (WCC), No. 76 Civ. 4679 (WCC).

523 F.Supp. 533 (1980)

In re INVESTORS FUNDING CORPORATION OF NEW YORK SECURITIES LITIGATION. James BLOOR, as Trustee Pursuant to Chapter X of Title 11 of the United States Code of the Estates of Investors Funding Corporation of New York, etc., Plaintiff, v. Jerome DANSKER, et al., Defendants.

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

November 19, 1980.

Attorney(s) appearing for the Case

Anderson, Russell, Kill & Olick, P. C., New York City, for plaintiff, James Bloor, as Trustee; Eugene R. Anderson, John H. Gross, Nicholas J. Zoogman, New York City, of counsel.

Cahill, Gordon & Reindel, New York City, for defendants, Peat, Marwick, Mitchell & Co. and Jerome Lowengrub; R. Anthony Zeiger, John H. de Boisblanc, George Wailand, Kenneth J. Berman and Leonard P. Novello, Associate Gen. Counsel, New York City, of counsel.

Proskauer, Rose, Goetz & Mendelsohn, New York City, for defendants, Ernst & Whinney, as successor to S. D. Leidesdorf & Co., and Robert Saltzman; David I. Goldblatt, David Aronson, Gary B. Bettman, New York City, of counsel.

OPINION AND ORDER

CONNER, District Judge:

This action is before the Court on objections filed by defendants Peat, Marwick, Mitchell & Co. and Jerome Lowengrub, a partner in Peat, Marwick, Mitchell & Co. purportedly named as representative of a defendant class of all Peat Marwick partners (collectively "PMM"), pursuant to 28 U.S.C. § 636(b)(1), to the Recommended Decision of Magistrate Harold J. Raby, Report No. 19 submitted April 20, 1979, on...

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