IN RE BANKAMERICA SECURITIES LITIGATION

Nos. CV 85-4779 WDK (Bx), CV 85-5928 WDK (Jrx), CV 85-5090 WDK (Bx), CV 85-4843 WDK (Bx) and CV 85-5089 WDK (Bx).

636 F.Supp. 419 (1986)

In re BANKAMERICA SECURITIES LITIGATION. Audrey KAUFMAN, on Behalf of Herself and Derivatively on Behalf of Bankamerica Corporation, a Delaware corporation, Plaintiff, v. Samuel H. ARMACOST, et al., Defendants. William STEINER, on Behalf of Himself and Derivatively on Behalf of Bankamerica Corporation, a Delaware corporation, Plaintiff, v. Samuel H. ARMACOST, et al., Defendants. ANTHONY TAMMARO, INC., PROFIT SHARING TRUST on Behalf of Itself and Derivatively on Behalf of Bankamerica Corporation, a Delaware corporation, Plaintiff, v. Samuel H. ARMACOST, et al., Defendants. Sidney WYCENTOWSKI, On Behalf of Himself and Derivatively on Behalf of Bankamerica Corporation, a Delaware corporation, Plaintiff, v. Samuel H. ARMACOST, et al., Defendants.

United States District Court, C.D. California.

June 10, 1986.


Attorney(s) appearing for the Case

Arnold Levin, Levin & Fishbein, Philadelphia, Pa., for plaintiff Andrew Klein.

Joseph A. Rosenthal, Morris & Rosenthal, Pa., Wilmington, Del., for plaintiff International Apparel Associates.

Alvin J. Ivers, P.C., Philadelphia, Pa., for plaintiff John P. Green, Jr., Trustee, Testamentary Trust under the will of Nettie Powell Green.

Richard D. Greenfield, C. Oliver Burt, III, Brenda M. Nelson, Greenfield & Chimicles, Haverford, Pa., for plaintiff Barbara Zarowitz.

Sherrie R. Savett, Berger & Montague, P.C., Philadelphia, Pa., for plaintiff Anthony Tammaro, Inc., Profit Sharing Trust.

Daniel W. Krasner, Jeffrey G. Smith, David A.P. Brower, Wolf, Haldenstein, Adler, Freeman & Herz, New York City, for plaintiff Elliot Dubowski.

Eugene A. Spector, Gross & Sklar, P.C., Philadelphia, Pa., for plaintiff Edward Rudolph.

Melvin Goldman, Morrison & Foerster, San Francisco, Cal., for defendants BankAmerica Corp. and Bank of America.

Douglas C. Conroy, Paul, Hastings, Janofsky & Walker, Los Angeles, Cal., Daniel F. Kolb, Scott W. Muller, Davis, Polk & Wardwell, Washington, D.C., Emmett E. Eagan, Jr., Ernst & Whinney, Cleveland, Ohio, for defendant Ernst & Whinney.

Seth M. Hufstedler, Jerome H. Craig, Evelyn Balderman Hutt Hufstedler, Miller, Carlson & Beardsley, Los Angeles, Cal., for defendants Leland S. Prussia, Samuel H. Armacost and certain other defendants.

Stuart H. Savett, Kohn, Savett, Marion & Graf, P.C., Philadelphia, Pa., for plaintiff Benjamin Raphan.

Moshe Balsam, Howard B. Sirota, P.C., New York City, for plaintiff Sidney Wycentowski.

Robert M. Kornreich, Wolf Popper Ross Wolf & Jones, New York City, for plaintiff Audrey Kaufman.

Stuart D. Wechsler, Goodkind, Wechsler, Labaton & Rudoff, New York City, for plaintiff William Steiner.

Jack Corinblit, Mark M. Seltzer, Corinblit & Seltzer, Los Angeles, Cal., for plaintiff Richard H. Oshman.

John W. Stamper, O'Melveny & Myers, Los Angeles, Cal., for certain individual defendants.

Patrick J. Mahoney, Curt Mueller, Cooley, Godward, Castro, Huddleson & Tatum, Palo Alto, Cal., for defendant Charles Schwab.


ORDER RE MOTION TO DISMISS CONSOLIDATED DERIVATIVE COMPLAINT

KELLER, District Judge.

This matter is before the Court on the Motion of the nominal defendant BankAmerica Corporation ("BAC") to Dismiss the Consolidated Derivative Complaint. Having considered the submitted materials and the arguments of counsel at the April 7, 1986 hearing on the Motion, the Court hereby ORDERS that the Motion to Dismiss is GRANTED without prejudice as to all of the charging...

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