IN RE SAXON SECURITIES LITIGATION

Nos. 82 Civ. 3103 (MJL), 83 Civ. 3760.

644 F.Supp. 465 (1985)

In re SAXON SECURITIES LITIGATION.

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

October 30, 1985.


Attorney(s) appearing for the Case

Marion R. Probst, Wolf Popper Ross Wolf & Jones, New York City, New York (Robert A. Skirnick, of counsel), Herbert Milstein, Kohn Milstein Cohen & Hausfeld, Washington, D.C., Stephen P. Hoffman, Pomerantz Levy Haudk Block & Grossman, New York City, Gerald J. Rodos, Barrack, Rodos & Bacine, Philadelphia, Pa., Daniel W. Krasner, Wolf Haldenstein Adler Freeman & Herz, New York City, for Saxon.

Jules Brody, Stull, Stull & Brody, New York City, for Lewis.

Ellen R. Nadler, Kramer, Levin, Nessen, Kamin & Frankel, Elliot Cohen, Parker Chapin Flattau & Klimpl, Richard W. Brewster, Moses & Singer, New York City, James F. Mauze, Moline, Tegethoff, Ottsen, Mauze & Leggat, St. Louis, Mo., Susan Rosenthal, Winick & Rich, P.C., New York City, Bernard M. Gross, Gross & Sklar, P.C., Philadelphia, Pa., David M. Furbush, Brobeck, Phleger & Harrison, San Francisco, Cal., for defendants.

Anthony Dean, Windels, Marx, Davies & Ives, New York City (Roy H. Carlin, Cliff A. Skibinski, of counsel), for objectors.

Stephen M. Sacks, Arnold & Porter, Washington, D.C., Martin Flumenbaum, Paul, Weiss, Rifkind, Wharton & Garrison, Kenneth Handal, Hall, McNicol, Hamilton, Clark & Murray, Harvey Greenfield, New York City, Spector, Cohen, Gadon & Rosen, P.C., Berger & Montague, P.C., Philadelphia, Pa., Meltzer Lippe and Goldstein, P.C., Mineola, N.Y., Goodkind Wechsler Labaton & Rudoff, Melvin H. Heiko, Keiko, Bush & Levy, New York City, Tanick & Heins, Minneapolis, Minn., Abbey & Ellis, Barr & Bello, New York City, David B. Gold, P.C., San Francisco, Cal., David Jaroslawicz, New York City, Greenfield & Chimicles, P.C., Haverford, Pa., Max W. Berger, Bernstein, Litowitz, Berger & Grossman, Victor Gleser, Ford Marrin Esposito & Witmeyer, New York City, other counsel.


MEMORANDUM OPINION AND ORDER

LOWE, District Judge.

This action represents the consolidation of many class actions which in turn represent but one part of a complex of securities fraud cases. By memorandum opinion and order, of even date herewith, we approved the settlement of these consolidated class actions for approximately $20 million.1 In approving the settlement as fair, reasonable and adequate pursuant to Fed.R.Civ.P. 23...

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