IN RE GNC SHAREHOLDER LITIGATION: ALL ACTIONS

Civ. A. No. 85-1973.

668 F.Supp. 450 (1987)

In re GNC SHAREHOLDER LITIGATION: ALL ACTIONS.

United States District Court, W.D. Pennsylvania.

September 4, 1987.


Attorney(s) appearing for the Case

Michael P. Malakoff, Pittsburgh, Pa., Richard D. Greenfield, Haverford, Pa., Howard Specter, Pittsburgh, Pa., for plaintiffs.

S. Michael Streib, Alan R. Wentzel, Richard R. Nelson, II, Marvin Schwartz, Charles E. Bobinis, Gordon W. Schmidt, David J. Armstrong, Pittsburgh, Pa., for defendants.


MEMORANDUM OPINION

ZIEGLER, District Judge.

(1) This court is called upon to approve a proposed settlement of the class action claims against General Nutrition Corporation, certain officers and directors of GNC, the estate of David B. Shakarian, David B. Shakarian, Inc., and Kidder Peabody & Co. The claims are based on alleged material misstatements and omissions by defendants in a GNC prospectus dated March 24, 1983.

(2) The complaint alleges...

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