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IN RE SEARS, ROEBUCK AND CO. SECURITIES LIT.

Civ. A. Nos. 91-2878, 91-3210 and 91-3322.

792 F.Supp. 977 (1992)

In re SEARS, ROEBUCK AND CO. SECURITIES LITIGATION.

United States District Court, E.D. Pennsylvania.

May 1, 1992.

Attorney(s) appearing for the Case

Richard D. Greenfield, Mark C. Rifkin, Greenfield & Chimicles, Haverford, Pa., Diane M. Nast, Kohn Klein, Nast & Graf, Marquerite R. Goodman, Philadelphia, Pa., for plaintiffs.

Robert L. Hickok, Pepper, Hamilton & Scheetz, Philadelphia, Pa., Herbert M. Wachtell, Theodore N. Mirvis, Wachtell, Lipton, Rosen & Katz, New York City, for defendants.

MEMORANDUM

BARTLE, District Judge.

This action is a consolidation of three cases which were filed by various shareholders, as shareholder derivative and class actions, against Sears, Roebuck & Company ("Sears").1 Plaintiffs alleged violations of to § 14(a) of the Securities Exchange Act of 1934, 15 U.S.C. § 78n(a), and Rule 14(a)-9 promulgated thereunder; § 404 of the Employee Retirement Income Security Act...

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