IN RE DAISY SYSTEMS SECURITIES LITIGATION

No. C-86-20127(A) SW.

132 B.R. 752 (1991)

In Re DAISY SYSTEMS SECURITIES LITIGATION.

United States District Court, N.D. California.

August 9, 1991.


Attorney(s) appearing for the Case

Milberg Weiss Bershad Specthrie & Lerach, William S. Lerach, Leonard B. Simon, Blake M. Harper, San Diego, Cal., Barrack Rodos & Bacine, Leonard Barrack, Gerald J. Rodos, Edward Gergosian, Philadelphia, Pa., Lowey Dannenberg Bemporad Brachtl & Selinger, P.C., Richard Dannenberg, New York City, Cohen, Milstein & Hausfeld, Herbert Milstein, Steven Toll, Washington, D.C., Opperman, Heins & Paquin, Samuel D. Heins, Minneapolis, Minn., Abbey & Ellis, Arthur N. Abbey, Robert A. Skirnick, Wechsler Skirnick Harwood Halebian & Feffer, Wolf Haldenstein Adler Freeman & Herz, New York City, Kohn Savett Marion & Graf P.C., Stuart H. Savett, Philadelphia, Pa., Saveri & Saveri, Guido Saveri, San Francisco, Cal., Rabin & Sirota, Howard B. Sirota, Law Offices of Joseph A. Weiss, Joseph A. Weiss, Wolf Popper Ross Wolf & Jones, Robert A. Skirnick, Marian Probst Rosner, Pomerantz Levy Haudek Block & Grossman, New York City, Bernard Petrie, San Francisco, Cal., Stephen Cottmeier, Hopkins, Mitchell & Carley, San Jose, Cal., Greenfield & Chimicles, C. Oliver Burt, III, Richard D. Greenfield, Haverford, Pa., Jeremiah F. Hallisey, Hallisey & Johnson, San Francisco, Cal., for plaintiffs.

Heller Ehrman White & McAuliffe, M. Laurence Popofsky, Peter A. Wald, Vincent L. Johnson, Amelia J. Craig, San Francisco, Cal., for Inside Officers.

Wilson Sonsini Goodrich & Rosati, Steven M. Schatz, David S. Steuer, Jared L. Kopel, Palo Alto, Cal., for defendant Adler.

Daisy Systems Corp., Val D. Hornstein, Mountain View, Cal., for defendants.

David B. Gold, San Francisco, Cal., for class plaintiffs.

Charles Smity, Los Angeles, Cal., for Harbor Ins. Co.

McKenna & Fitting, John Dacey, Garrett Cecchini, Margaret Grover, San Francisco, Cal., for trustee.

Michael Perlis, Stroock & Stroock & Lavan, Los Angeles, Cal., for Nat. Union Ins.


ORDER

SPENCER WILLIAMS, District Judge.

The nonbankrupt parties in this class action securities fraud case move to prevent the bankruptcy court from transferring the proceeds of certain director's and officer's liability policies to Daisy Systems Corp.'s Chapter 11 trustee in bankruptcy. To accomplish this, the parties first move this court to withdraw the bankruptcy court's jurisdiction over the trustee's action for turnover of the insurance proceeds. Then...

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