IN RE PHAR-MOR, INC. SECURITIES LITIGATION

Civ. A. Nos. 92-1938, 93-1797, 94-0086, 94-1018 and 94-1031. MDL No. 959.

893 F.Supp. 484 (1995)

In re PHAR-MOR, INC. SECURITIES LITIGATION. TRICON CAPITAL, a division of Greyhound Financial Corporation, as successor in interest to Bell Atlantic TriCon Leasing Corporation, Plaintiff, v. COOPERS & LYBRAND, et al., Defendants. COMPUTER LEASING, INC., Plaintiff, v. COOPERS & LYBRAND, et al., Defendants. CENTER CAPITAL CORPORATION, Plaintiff, v. COOPERS & LYBRAND, et al., Defendants. NEW ENGLAND CAPITAL CORPORATION, Plaintiff, v. COOPERS & LYBRAND, et al., Defendants.

United States District Court, W.D. Pennsylvania.

July 26, 1995.


Attorney(s) appearing for the Case

Susan Rosenthal, Winick & Rich, P.C., New York City, for Center Capital, New England Capital, Tri Con Capital.

Elizabeth J. Sher, Morristown, NJ, for Computer Leasing, Inc.

Robert J. Sisk, Theodore W.H. Mayer, Hughes, Hubbard & Reed, New York City, for Coopers & Lybrand.


OPINION

ZIEGLER, Chief Judge.

Pending before the court are the motions of defendants, Coopers & Lybrand and a defendant class of Coopers' partners and principals (collectively "Coopers"), for summary judgment with respect to the claims of plaintiffs, TriCon Capital, Computer Leasing Inc., Center Capital Corporation, and New England Capital Corporation (collectively "plaintiffs"). For the reasons that follow, Coopers' motions will be granted in...

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