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IN RE MERIDIAN SECURITIES LITIGATION

Civ. A. No. 90-6211.

772 F.Supp. 223 (1991)

In re MERIDIAN SECURITIES LITIGATION. This Document Relates To: Class Actions Only.

United States District Court, E.D. Pennsylvania.

July 22, 1991.

Attorney(s) appearing for the Case

Anthony J. Bolognese, Barrack, Rodos & Bacine, Philadelphia, Pa., Mark C. Rifkin, Greenfield & Chimicles, Haverford, Pa., Ruthanne Gordon, Berger & Montague, P.C., Philadelphia, Pa., for plaintiff.

Daniel B. Huyett, Stevens & Lee, Reading, Pa., James G. Wiles, Stevens & Lee, Wayne, Pa., for defendants.

OPINION

CAHN, District Judge.

In this securities fraud class action, the plaintiffs allege violations of Sections 10(b), 14(a) and 20 of the Securities Exchange Act, 15 U.S.C. §§ 78j(b), 78n(a) and 78t, Rules 10b-5 and 14a-9 of the Securities and Exchange Commission promulgated thereunder, and the common law of negligent misrepresentation.1 The defendants have moved to dismiss the Consolidated Amended Class Action and...

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