In re COLUMBIA SECURITIES LITIGATION.
Elizabeth M. MURRAY, John J. Cavaliere, Jr. and David Jaroslawicz, Plaintiffs,
v.
SONY CORPORATION, Sony USA, Inc. and Michael Schulhof, Defendants.
United States District Court, S.D. New York.https://leagle.com/images/logo.png
September 26, 1990.
September 26, 1990.
Attorney(s) appearing for the Case
Lowey Dannenberg Bemporad Brachtl & Selinger (Richard Bemporad, of counsel), New York City, for plaintiffs.
Skadden Arps Slate Meagher & Flom (Henry P. Wasserstein, Joseph Guglielmelli, Michael A. McIntosh, of counsel), New York City, for defendants Sony Corp. and Sony USA.
Rosenman & Colin (Joel W. Sternman, Richard N. Baer, of counsel), New York City, for defendant Michael Schulhof.
United States District Court, S.D. New York.
OPINION
SAND, District Judge.
This securities fraud case1 arises out of the acquisition of Columbia Pictures Entertainment, Inc. ("Columbia") by Sony USA, Inc. ("Sony USA"), a wholly owned subsidiary of the Sony Corporation ("Sony Japan"). Plaintiffs are former stockholders of Columbia who seek to maintain a class action on behalf of all persons who sold shares of Columbia common stock or call options between March 27, 1989 and...
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