IN RE MORTGAGE AND REALTY TRUST SECURITIES LIT.

No. 90-1848.

787 F.Supp. 84 (1991)

In re MORTGAGE AND REALTY TRUST SECURITIES LITIGATION This Document Relates to Davidsohn and Wade.

United States District Court, E.D. Pennsylvania.

November 27, 1991.


Attorney(s) appearing for the Case

Catherine A. Sullivan, Berger & Montague, Philadelphia, Pa., Herbert E. Milstein, Cohen, Milstein, Hausfeld & Toll, Washington, D.C., Samuel D. Heins, Opperman, Heins & Paquin, Minneapolis, Minn., for Mortg. and Realty Trust.

M. Richard Komins, Gerald J. Rodos, Barrack, Rodos & Bacine, Philadelphia, Pa., Richard D. Greenfield, Greenfield & Chimicles, Haverford, Pa., for Richard Mandel.

Elizabeth H. Fay, Philadelphia, Pa., for Mortg. & Realty Trust, Edward L. Stanley, Victor H. Schesinger, and C.W. Strong, Jr.

William T. Hangley, Hangley Connolly Epstein Chicco Foxman & Ewing, Philadelphia, Pa., for Edward L. Stanley, Victor H. Schesinger, and C.W. Strong, Jr.


MEMORANDUM AND ORDER

BARTLE, District Judge.

This is a shareholder derivative action. Martha Davidsohn and Martha Wade ("Plaintiffs") are shareholders in Mortgage and Realty Trust ("Mortgage"), a Real Estate Investment Trust ("REIT") which was organized under Maryland law. Plaintiffs filed the Complaint pursuant to Federal Rule of Civil Procedure 23.1, the rule which deals with derivative actions by shareholders. The nine members of the Board of Trustees...

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