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IN RE DELMARVA SECURITIES LITIGATION

Civ. A. Nos. 91-130MMS, 91-283MMS.

794 F.Supp. 1293 (1992)

In re DELMARVA SECURITIES LITIGATION.

United States District Court, D. Delaware.

May 15, 1992.

Attorney(s) appearing for the Case

Pamela S. Tikellis, James C. Strum (argued), and Edward Seglias, Greenfield & Chimicles, Wilmington, Del., and Richard D. Greenfield (argued), and Mark C. Rifkin, Greenfield & Chimicles, Haverford, Pa.; Of counsel: Gross & Metzger, Philadelphia, Pa., for plaintiffs.

Rodman Ward, Jr., (argued), Robert A. Glen, Cathy J. Pesta, Curtis S. Alva, Cathy L. Reese, and Jeff A. Shumway, Skadden, Arps, Slate, Meagher & Flom, Wilmington, Del., for defendants.

OPINION

MURRAY M. SCHWARTZ, Senior District Judge.

On March 15, 1991, plaintiff Anthony J. Cutrona ("Cutrona") commenced this litigation by filing a class and derivative action against defendants Nevius M. Curtis, Howard E. Cosgrove and H. Ray Landon and naming Delmarva Power & Light Company ("Delmarva" or "Company") as nominal defendants. On May 15, 1991, plaintiffs Leon and Cecelia Moskowitz ("Moskowitz") filed a class action naming as defendants Curtis...

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