MILLER v. NEW AMERICA HIGH INCOME FUND

Civ. A. Nos. 90-10782-MA, 90-10845-MA.

755 F.Supp. 1099 (1991)

Eric MILLER and Robert Lucia, on behalf of themselves and all others similarly situated, Plaintiffs, v. The NEW AMERICA HIGH INCOME FUND, Ostrander Capital Management Corp., Patricia Ostrander, Richard E. Floor, Bernard J. Korman, Joseph L. Bower, Franco Modigliani, Ernst E. Monrad, Ellen Terry, Bateman Eichler, Hill Richards, Inc., Butcher Corporation, and Michael R. Milken, Defendants. Pete and Pat BOMIRETO, Jt, John Silak, Mary Bruce, and C.H. Rhumann, on behalf of themselves and all others similarly situated, Plaintiffs, v. The NEW AMERICA HIGH INCOME FUND, Ostrander Capital Management Corp., Patricia Ostrander, Richard E. Floor, Bernard J. Korman, Joseph L. Bower, Franco Modigliani, Ernst E. Monrad, Ellen Terry, Bateman Eichler, Hill Richards, Inc., Butcher Corporation, and Michael R. Milken, Defendants.

United States District Court, D. Massachusetts.

January 9, 1991.


Attorney(s) appearing for the Case

Nancy Gertner, Dwyer, Collora & Gertner, Boston, Mass., for plaintiffs Eric Miller et al.

Nancy Gertner, Silverglate, Gertner, Fine & Good, Boston, Mass., for plaintiffs Robert Lucia et al.

Patricia A. Early, Choate, Hall & Stewart, Boston, Mass., for The New America High Income Fund and Ostrander Capital Management Corp.

Peter M. Saparoff, Helen Ann Robichaud, Gaston & Snow, Boston, Mass., for Bernard J. Korman, Joseph L. Bower, Franco Modigliani, and Ernst E. Monrad.

J. Dennis Faucher, Saul, Ewing, Remick & Saul, Philadelphia, Pa., for Bateman Eichler, Hill Richards, Inc. and Butcher & Singer, Inc.


MEMORANDUM AND ORDER

MAZZONE, District Judge.

Plaintiffs, representatives of a putative class (the "Plaintiff Class") of all purchasers of the common stock of New America High Income Fund ("New America" or "the Fund") between the dates February 19, 1988, and October 13, 1989, and representatives a putative subclass (the "IPO Subclass") of all purchasers of common stock pursuant to the Fund's initial public offering...

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