IN RE PHAR-MOR, INC. SECURITIES LITIGATION

Civ. A. Nos. 92-1938, 93-0631, 93-0248, 92-2193, 93-0933, 93-0244, 93-0249, 93-1164, 93-1437, 93-2089, 93-0246, 94-0213, 94-1394, 92-2269, 93-0521 and 93-0245. MDL No. 959. Misc. No. 93-96.

875 F.Supp. 277 (1994)

In re PHAR-MOR, INC. SECURITIES LITIGATION. The EQUITABLE LIFE ASSURANCE SOCIETY OF the UNITED STATES, et al., Plaintiffs, v. David S. SHAPIRA, et al., Defendants. CORPORATE PARTNERS, L.P., et al., Plaintiffs, v. COOPERS & LYBRAND, et al., Defendants. WESTINGHOUSE CREDIT CORPORATION and First Westinghouse Capital Corporation, Plaintiffs, v. David S. SHAPIRA, et al., Defendants. FOXMEYER DRUG COMPANY, Plaintiff, v. COOPERS & LYBRAND, Defendant. Irwin J. ASKOW, et al., Plaintiffs, v. PHAR-MOR, INC., et al., Defendants. Richard ROSENBLOOM and Carol Rosenbloom, et al., Plaintiffs, v. David S. SHAPIRA, et al., Defendants. GENERAL ELECTRIC CAPITAL CORPORATION, Plaintiff, v. COOPERS & LYBRAND, et al., Defendants. The EDWARD J. DeBARTOLO CORPORATION, et al., Plaintiffs, v. COOPERS & LYBRAND, et al., Defendants. GROVE ASSOCIATES, et al., Plaintiffs, v. COOPERS & LYBRAND, et al., Defendants. SEARS, ROEBUCK & CO., et al., Plaintiffs, v. David S. SHAPIRA, et al., Defendants. BAKER NYE SPECIAL CREDITS, INC., et al., Plaintiffs, v. COOPERS & LYBRAND, et al., Defendants. GIROCREDIT BANK, Plaintiff, v. COOPERS & LYBRAND, et al., Defendants. GIANT EAGLE OF DELAWARE, INC., et al., Plaintiffs, v. COOPERS & LYBRAND, Defendant. MFS LIFETIME EMERGING GROWTH FUND, et al., Plaintiffs, v. COUNTY NATWEST GLOBAL SECURITIES, LTD., et al., Defendants. Ivan BOWEN, II, et al., Plaintiffs, v. David S. SHAPIRA, et al., Defendants.

United States District Court, W.D. Pennsylvania.

October 25, 1994.


Attorney(s) appearing for the Case

Richard J. Stone, Miami, FL, for Equitable.

Eric Seiler, New York City, for Corporate Partners.

Edwin L. Klett, Pittsburgh, PA, for Westinghouse Credit.

William B. Dawson, Dallas, TX, for Fox-Meyer.

Jonah Orlofsky, Chicago, IL, for Askow.

William C. House, New York City, for Rosenbloom.

R. Daniel Scheid, Rockville, MD, for G.E. Capital.

James H. McConomy, Pittsburgh, PA, for Edward J. DeBartolo Corp. & Grove Associates.

Sarah R. Wolff, Chicago, IL, for Sears.

Edward C. Schmidt, Pittsburgh, PA, for Baker NYE Special Credits & GiroCredit Bank.

Bernard D. Marcus, Pittsburgh, PA, for Giant Eagle.

Daniel A. Pollack, New York City, for MFS Lifetime Emerging.

Arthur T. Susman, Chicago, IL, for Bowen.

Robert J. Sisk, New York City, for Coopers & Lybrand.


OPINION

ZIEGLER, Chief Judge.

Pending before the court are the motions of the plaintiffs in the above-captioned MDL actions for certification of a defendant class of Coopers & Lybrand partners and principals. For the reasons that follow, we will grant the motions and a defendant class will be certified in each of the actions as defined below.

Coopers & Lybrand, a partnership, is a public accounting firm which conducts business in all...

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