IN RE CRAZY EDDIE SECURITIES LITIGATION

Nos. CV 87-0033, CV 90-3181 and CV 91-4450.

824 F.Supp. 320 (1993)

In re CRAZY EDDIE SECURITIES LITIGATION.

United States District Court, E.D. New York.

June 11, 1993.


Attorney(s) appearing for the Case

Sirota & Sirota (Howard B. Sirota, of counsel), Milberg, Weiss, Bershad, Specthrie & Lerach, Pomerantz, Levy, Haudek, Block & Grossman, Stull, Stull & Brody, Lowey, Dannenberg, Bemporad, Brachtl & Selinger, P.C., Kaufman, Malchman, Kaufman & Kirby, Law Offices of Harvey Greenfield, Christopher Lovell, P.C., Law Offices of Joseph H. Weiss, Abbey & Ellis, New York City, for class plaintiffs.

Milbank Tweed Hadley & McCloy, Las Angeles, CA and New York City (C. Stephen Howard, Suzanne Toes, of counsel), for plaintiff Oppenheimer-Palmieri Fund Ltd.

Folkenflik & McGerity, New York City (Max Folkenflik, Margaret McGerity, of counsel), for plaintiffs Entertainment Marketing Inc. and Elias Zinn.

Cadwalader, Wickersham & Taft, New York City (Howard R. Hawkins, Jr., of counsel), for Crazy Eddie, Inc.

Shearman & Sterling, New York City (Joseph McLaughlin, of counsel), for defendants Peat Marwick Main & Co. and KMG Main Hurdman.

Kaye, Scholer, Fierman, Hays & Handler, New York City (Steven Glassman, of counsel), for defendant Oppenheimer & Co., Inc.

Davis, Markel & Edwards, New York City (Thomas J. Sweeney, III, of counsel), for defendant Peat Marwick Main & Co.

Weil, Gotshal & Manges, New York City (Dennis J. Block, of counsel), for defendants Salomon Bros. Inc., Bear, Stearns & Co. Inc. and Wertheim Schroder & Co., Inc.

Wilson Elser Moskowitz Edelman & Dicker, New York City (Richard Oelsner, of counsel), for defendants Penn and Horowitz, J. Liebman & Co., Gary Perlmutter and Mark Halperin.

Hoffman & Pollok, New York City, for defendants Jacob Tambor, Sasson Cohen and Zazy Intern. Corp.

Rosenman & Colin, New York City, for defendants Leonard Rubin, Richard Portnoy and Wren Distributing Co.

Warner & Joselson, New York City (Jonathon D. Warner, Sheryl L. Bregman, of counsel), for defendant Sam E. Antar.

Beldock Levine & Hoffman, New York City (Brian E. Maas, of counsel), for defendant Isaac Kairey.

Leader & Berkon, New York City (Frederick D. Berkon, of counsel), for defendants Eddy Antar, Solomon E. Antar, Edmond Levy, William H. Saltzman, Steve Pasquariello and Carl G. Zimel.

David M. Rubin, New York City, for defendant Abraham Grinberg.

Morgan, Lewis & Bockius, New York City (Kevin T. Rover, of counsel), for defendant David V. Panoff.

Kelley, Drye & Warren, New York City (John P. Marshall, of counsel), for defendant James H. Scott, Jr.

Eddie Antar, pro se.

Eddie Gindi, pro se.

Jean Cocchiara, pro se.

Kathleen Morin, pro se.

David Neiderbach, pro se.

Arnold Spindler, pro se.

Hellring Lindeman Goldstein & Siegal, Newark, NJ (Stephen L. Dreyfuss, Matthew E. Moloshok, of counsel), for defendants Danielle Antar, Deborah Rosen Antar, Gabrielle Antar, Simone Antar, Nicole Antar and Noelle Antar.

Law Offices of Raoul Lionel Felder, P.C., New York City, for defendant Deborah Rosen Antar.

Gersten, Savage, Kaplowitz & Curtin, New York City, for defendants Michelle Antar, Rose Antar, Rose M. Antar, Rori Antar, Sam A. Antar, Sam M. Antar, Allen Antar, Adam Kuszer, Benjamin Kuszer, Ellen Kuszer, Simon Kuszer and Lillian Rosen.

Kostelanetz Ritholz Tigue & Fink, New York City, for defendants Rose Antar and Sam M. Antar.


MEMORANDUM AND ORDER

NICKERSON, District Judge:

These cases arise from the alleged fraudulent and negligent conduct of defendant Eddie Antar (Antar) and his relatives and the officers, directors, auditors, underwriters, employees and vendors of the consumer retailer Crazy Eddie, Inc. (Crazy Eddie) (now in bankruptcy). The parties (except Antar) have reached and informed the class plaintiffs of a proposed settlement.

Pursuant to Rule 23 of the Federal...

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