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IN RE SUNRISE SECURITIES LITIGATION

MDL No. 655.

698 F.Supp. 1256 (1988)

In re SUNRISE SECURITIES LITIGATION.

United States District Court, E.D. Pennsylvania.

October 28, 1988.

Attorney(s) appearing for the Case

Berger & Montague, P.C., Philadelphia, Pa., Greenfield & Chimicles, Haverford, Pa., Squire, Sanders & Dempsey, Donald T. Bucklin, Washington, D.C., for plaintiffs.

Henry W. Sawyer, III, Philadelphia, Pa., for Philadelphia Newspapers, Inc.

Dilworth, Paxson, Kalish & Kauffman, Dechert Price & Rhoads, Philadelphia, Pa., for defendants.

MEMORANDUM

O'NEILL, District Judge.

Plaintiffs Federal Savings and Loan Insurance Corporation ("FSLIC") and class shareholders have reached a proposed agreement settling their claims against defendants Blank, Rome, Comisky & McCauley ("Blank Rome"), Michael D. Foxman, M. Kalman Gitomer, Kenneth A. Treadwell and Edward G. Fitzgerald. The agreement encompasses a number of claims: state common law and Securities Exchange Act of 1934 claims alleged in

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