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AUSA LIFE INS. CO. v. DWYER

No. 93 Civ. 6830 (WCC).

899 F.Supp. 1200 (1995)

AUSA LIFE INSURANCE COMPANY, et al., Plaintiffs, v. Andrew T. DWYER, et al., Defendants.

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

September 27, 1995.

Attorney(s) appearing for the Case

Cadwalader, Wickersham & Taft, New York City, for Plaintiffs (except the New York Life Plaintiffs); Edwin David Robertson, of counsel.

Pollack & Kaminsky, New York City, for Plaintiffs New York Life Insurance Company and New York Life and Annuity Corporation; Daniel A. Pollack, Martin I. Kaminsky, of counsel.

Shereff, Friedman, Hoffman & Goodman, LLP, New York City, for Defendant Joseph A. Gallo; Andrew J. Levander, Shari L. Steinberg, Joseph I. Fontak, of counsel.

OPINION AND ORDER

WILLIAM C. CONNER, Senior District Judge:

The above-captioned case is one of twenty-two related securities actions filed following the collapse of JWP Inc. ("JWP"). This action was filed on September 30, 1993, by thirteen insurance companies who had invested in JWP's debt securities between December 1988 and March 1992. Generally speaking, the complaint alleges that JWP's financial statements contained material misstatements and...

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