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LAVEN v. FLANAGAN

Civ. A. Nos. 84-5092, 85-0075, 85-0238, 85-0623 and 85-0624.

695 F.Supp. 800 (1988)

Arnold I. LAVEN, on behalf of himself and all others similarly situated, Plaintiff, v. Robert M. FLANAGAN, Russell W. McFall, Richard E. Horner, T. Roland Berner, Charles E. Ehinger, Richard P. Sprigle, Curtiss-Wright Corporation, Western Union Corporation, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Defendants. Gregory John SHEFFIELD, Plaintiff, v. Richard E. HORNER, et al., Defendants. David JAROSLAWICZ, on behalf of himself and all others similarly situated, Plaintiff, v. WESTERN UNION CORPORATION, Russell W. McFall, Richard E. Horner, Robert M. Flanagan, Defendants. Andrew H. SHARPE, on behalf of himself and all others similarly situated, Plaintiff, v. Robert M. FLANAGAN, Russell W. McFall, Richard E. Horner, T. Roland Berner, Charles E. Ehinger, Richard P. Sprigle, Curtiss-Wright Corporation, Western Union Corporation, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Defendants. John A. PIMM, on behalf of himself and all others similarly situated, Plaintiff, v. Robert M. FLANAGAN, Russell W. McFall, Richard E. Horner, T. Roland Berner, Charles E. Ehinger, Richard P. Sprigle, Curtiss-Wright Corporation, Western Union Corporation, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Defendants.

United States District Court, D. New Jersey.

September 30, 1988.

Attorney(s) appearing for the Case

John C. Harkins, Jr., Pepper, Hamilton & Scheetz, Philadelphia, Pa., for defendant Western Union Corp.

Alexander Kerr, Hoyle, Morris & Kerr, Philadelphia, Pa., for defendants Flanagan, Horner and McFall.

Harold R. Tyler, Jr., Patterson, Belknap, Webb & Tyler, New York City, for defendant Curtiss-Wright Corp. and defendants Berner, Sprigle, and Ehinger.

E. Michael Bradley, Brown & Wood, New York City, for defendant Merrill Lynch, Pierce, Fenner & Smith, Inc.

Richard D. Greenfield, Greenfield & Chimicles, Haverford, Pa., Leonard Barrack, Barrack, Rodos & Bacine, Philadelphia, Pa., for plaintiffs.

GERRY, Chief Judge.

Defendants Curtiss-Wright Corporation and T. Roland Berner, Charles E. Ehinger, and Richard P. Sprigle have brought a motion for summary judgment against plaintiffs Arnold I. Laven, Andrew H. Sharpe, John A. Pimm, Clayton P. Spitz, Fred Kornick, and Friedrich E. Neumann, representatives of classes of persons who purchased some of the 5,000,000 depository preferred shares in Western Union Corp., pursuant to a registration statement and prospectus...

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