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IN RE U.S. BIOSCIENCE SECURITIES LITIGATION

No. 92-0678.

806 F.Supp. 1197 (1992)

In re U.S. BIOSCIENCE SECURITIES LITIGATION

United States District Court, E.D. Pennsylvania.

November 10, 1992.

Attorney(s) appearing for the Case

Sherrie R. Savett, Berger & Montague, P.C., Robert P. Frutkin, Savett, Frutkin, Podell & Ryan, P.C., Philadelphia, Pa., for plaintiff.

Richard Ben-Veniste, Greg A. Danilow, Weil, Gotshal & Manges, Washington, D.C., for defendant.

Richard L. Jacobson, Fulbright & Jaworski, Washington, D.C., for defendant, James E. Moore.

MEMORANDUM

DALZELL, District Judge.

Plaintiffs are individuals who purchased common stock or call options, or sold put options, of U.S. Bioscience from April 12, 1991 through January 31, 1992. They bring this action on their own and as representatives of a class against U.S. Bioscience, Inc. ("Bioscience") and several of its officers and directors, alleging violations of the federal securities laws and negligent misrepresentation.1

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