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IN RE FIRST FIDELITY BANCORPORATION SEC. LITIGATION

Civ. No. 88-5297(HLS).

750 F.Supp. 160 (1990)

In re FIRST FIDELITY BANCORPORATION SECURITIES LITIGATION.

United States District Court, D. New Jersey.

November 13, 1990.

Attorney(s) appearing for the Case

Max W. Berger, Bernstein, Litowitz, Berger & Grossman, New York City, Leonard Barrack, Barrack, Rodos & Racine, Philadelphia, Pa., Allyn Z. Lite, Goldstein, Till, Lite & Reiken, Newark, N.J., for plaintiffs.

Marc E. Lesser, Kronsich, Schkeeper & Lesser, P.C., Livingston, N.J., for objector Kathryne Roth.

Lawrence J. Fox, Drinker, Biddle & Reath, Philadelphia, Pa., Alan L. Zegas, West Orange, N.J., for defendants.

OPINION

SAROKIN, District Judge.

Before the court is the petition by counsel for plaintiffs for an award of fees.

FACTUAL BACKGROUND

This action stems from the announcement of large loan losses by First Fidelity Bancorporation on December 13, 1988, following its merger with Fidelcor, Inc., a Pennsylvania bank, on February 29, 1988. Plaintiffs, purchasers of stock between the merger date and December 13 (the "class period"), brought this...

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