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IN RE VALUEVISION INTERN. INC. SECURITIES LITIGATION

Civ. A. No. 94-2838.

896 F.Supp. 434 (1995)

In re VALUEVISION INTERNATIONAL INC. SECURITIES LITIGATION.

United States District Court, E.D. Pennsylvania.

August 11, 1995.

Attorney(s) appearing for the Case

Mark S. Goldman, Jeffrey L. Kodroff, Spector & Roseman, P.C., Philadelphia, PA, for Steven A. Kalodner.

Christopher K. Walters, Reed, Smith, Shaw & McClay, Philadelphia, PA, for ValueVision International, Inc.

Christopher K. Walters, Kenneth M. Kolaski, Reed Smith Shaw & McClay, Philadelphia, PA, Russell Hayman, Hugh Steven Wilson, Latham and Watkins, Los Angeles, CA, J. Patrick McDavitt, Briggs and Morgan, Minneapolis, MN, for Robert L. Johander.

OPINION

LOUIS H. POLLAK, District Judge.

This consolidated litigation arises out of a tender offer made in the spring of 1994 by ValueVision International, Inc. ("ValueVision") to purchase National Media Corporation ("National Media"). The plaintiffs, individuals who claim to have bought or tendered shares of National Media stock between January 13 and April 21, 1994, purport to represent two classes:...

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