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IN RE COLECO SECURITIES LITIGATION

No. 83 CIV 9199 (LBS).

591 F.Supp. 1488 (1984)

In re COLECO SECURITIES LITIGATION. This Document Relates to all Actions.

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

August 10, 1984.

Attorney(s) appearing for the Case

Berger & Montague, P.C., Philadelphia, Pa., for Plaintiffs; Stanley R. Wolfe, Philadelphia, Pa., of counsel.

Greenfield, Chimicles & Lewis, Haverford, Pa., for plaintiff Stein and the Derivative Count; Richard D. Greenfield, Haverford, Pa., of counsel.

Kaye, Scholer, Fierman, Hays & Handler, New York City, for defendant Coleco Industries, Inc.; Richard Seltzer, New York City, of counsel.

Snow, Becker, Kroll, Klaris & Krauss, P.C., New York City, for the individual defendants; Jay L. Himes, New York City, of counsel.

OPINION

SAND, District Judge.

This case involves 1) a purported class action brought on behalf of those persons who purchased common stock and call options of Coleco Industries, Inc. ("Coleco") from May 27, 1983 to September 29, 1983 and who continued to hold these investments on September 30, 1983, and 2) a derivative suit brought on behalf of Coleco. The alleged class has yet to be certified. Defendants in the class action include Coleco and certain of...

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