IN RE ELSCINT, LTD. SECURITIES LITIGATION

M.D.L. No. 675. Civil A. No. 85-2622-K.

674 F.Supp. 374 (1987)

In re ELSCINT, LTD. SECURITIES LITIGATION.

United States District Court, D. Massachusetts.

June 19, 1987.


Attorney(s) appearing for the Case

Eric L. Keisman, Wolf, Popper, Ross, Wolf & Jones, Joseph H. Weiss, Law Office of Joseph H. Weiss, Jules Brody, Stull, Stull & Brody, Edward A. Grossman, Bernstein, Litowitz, Berger & Grossman, Harvey Greenfield, Stephen T. Rodd, Abbey & Ellis, New York City, Thomas G. Shapiro, Shapiro & Grace, Boston, Mass., for plaintiffs.

Gerald F. Rath, Steven W. Hansen, Victor H. Polk, Jr., Bingham, Dana & Gould, Boston, Mass., for Robertson, Colman & Stephen Prudential-Bache Securities & Shears Lehman Brothers, Inc.

Jerome P. Facher, John J. Regan, Michael R. Heyison, Hale & Dorr, Boston, Mass., for Ernest & Whinney.

Thomas J. Dougherty, Lori Weiner-Lander, Skadden, Arps, Slate, Meagher & Flom, Boston, Mass., Jonathan J. Lerner, Dana H. Freyer, Skadden, Arps, Slate Meagher & Flom, New York City, for Somekh, Chaiken.

Joel Kozol, Matthew Kozol, Friedman & Atherton, Boston, Mass., for Avraham Suhami.

Daniel P. Levitt, Michael S. Oberman, Kramer Levin Nessen Kamin & Frankel, New York City, for Outside Directors; Elron; DIC; IDB.

Stephen R. Steinberg, Kimberlee S. Bogen, Reavis & McGrath, New York City, for Elscint Ltd., Benjamin Sabbah, Pinhas Lahat, Meir Dvir, Maurice Arenson.

Gordon T. Walker, Michael L. Blau, McDermott, Will & Emery, Boston, Mass., for Reavis & McGrath and Kramer, Levin.


MEMORANDUM AND ORDER

KEETON, District Judge.

On December 31, 1986, this court issued two Memoranda and Orders in this case. One Memorandum and Order addressed issues related to plaintiffs' motion for class certification (Docket No. 91) ("Class Certification Memorandum"), and the other addressed issues related to defendants' motions to dismiss (Docket No. 92). These Memoranda and Orders expressed tentative conclusions and raised questions concerning various...

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