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IN RE E.F. HUTTON BANKING PRACTICES LITIGATION

M.D.L. No. 649 (WK). No. 85 Civ. 8341 (Carty). No. 85 Civ. 9206 (Gaugler).

663 F.Supp. 123 (1987)

In re E.F. HUTTON BANKING PRACTICES LITIGATION.

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

July 9, 1987.

Attorney(s) appearing for the Case

Steven M. Kramer, Philadelphia, Pa., for plaintiff Gaugler.

C. Oliver Burt III, Greenfield & Chimicles, Haverford, Pa., for plaintiff Carty.

Raymond L. Falls, Jr., John R. Vaughan, Patricia Farren, Edward P. Krugman, H. Richard Schumacher, David S. Smith, Cahill Gordon & Reindel, New York City, for defendant E.F. Hutton.

Peter Chavkin, Stillman, Friedman & Shaw, New York City, for defendant Sullivan.

John Logan O'Donnell, Olwine, Connelly, Chase, O'Donnell & Weyher, New York City, for defendant Lynch.

Loretta A. Preska, Hertzog, Calamari & Gleason, New York City, for defendant Castellano.

Martin S. Kaufman, Bower & Gardner, New York City, for defendant Lillis.

WHITMAN KNAPP, District Judge.

Plaintiffs Melville Carty and Edward Gaugler have filed putative class actions against E.F. Hutton & Company, Inc. ("Hutton") and various individuals employed by Hutton (all collectively "defendants").1 Gaugler alleges common law fraud and violations of the Racketeer Influenced Corrupt Organizations Act ("RICO"), 18 U.S.C. § 1961 et seq. Carty alleges violations of the Securities Exchange...

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