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IN RE ONE BANCORP SECURITIES LITIGATION

Civ. No. 89-0315 P-C.

151 B.R. 1 (1993)

In re the ONE BANCORP SECURITIES LITIGATION.

United States District Court, D. Maine.

February 12, 1993.

Attorney(s) appearing for the Case

William Hammer, Ernst & Young, New York City, Kevin Libby, Portland, ME, for Ernst & Young.

Robert Alan Wake, Asst. Atty. Gen., Augusta, ME, for Maine Bureau of Banking.

Alexander Bennett, Arnold & Porter, Washington, DC, Anne Dufour, Verrill & Dana, Portland, ME, for One Bancorp, Pape, McFarland, Furey, Bell.

Jeffrey Golan, Barrack, Rodos & Bacine, Philadelphia, PA, Jeffrey Thaler, Berman & Simmons, Lewiston, ME, for Steven Cooperman.

Van Oliver, Andrews & Kurth, L.L.P., Dallas, TX, for Official Committee of Unsecured Creditors.

MEMORANDUM AND ORDER DENYING MOTION FOR RECONSIDERATION

GENE CARTER, Chief Judge.

In this class action the Court preliminarily approved a settlement among Plaintiffs, the Plaintiff class, and The One Bancorp Defendants on August 1, 1991. (Docket No. 68). That settlement provided that The One Bancorp and the insurer of its executives pay separate amounts into an escrow account for distribution to Plaintiffs in return...

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