IN RE AES CORP. SECURITIES LITIGATION

No. 92 Civ. 4640 (WCC).

849 F.Supp. 907 (1994)

In re The AES CORPORATION SECURITIES LITIGATION.

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

April 22, 1994.


Attorney(s) appearing for the Case

Abbey & Ellis (Jill S. Abrams, Arthur N. Abbey, of counsel), Schoengold & Sporn, Co-Lead Counsel, New York City (Samuel P. Sporn, Joel P. Laitman, of counsel), for plaintiffs.

Chadbourne & Parke, New York City (Donald I. Strauber, Eric D. Welsh, Brian A. Miller, of counsel), for defendants the AES Corp., Roger W. Sant, Dennis W. Bakke, Robert F. Hemphill, Jr., Frank Jungers, Henry R. Linden, C. Arthur Rolander, Russell E. Train, Thomas I. Unterberg, Robert H. Waterman, Jr. and Barry J. Sharp.

Davis Polk & Wardwell, New York City (Frank S. Mosley, of counsel), for defendants Donaldson, Lufkin & Jenrette Securities Corp., J.P. Morgan Securities, Inc. and Unterberg Harris, L.P.


OPINION AND ORDER

WILLIAM C. CONNER, District Judge:

This class action suit is brought by plaintiffs on behalf of all individuals who purchased securities of the AES corporation ("AES") between June 25, 1991, and June 23, 1992, pursuant to two public offerings. The First Consolidated and Amended Class Action Complaint ("Complaint") alleges violations of Sections 11 and 12(2) of the Securities Act of 1933; Section 10(b) of the Securities Exchange Act...

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