In re TCW/DW NORTH AMERICAN GOVERNMENT INCOME TRUST SECURITIES LITIGATION.
United States District Court, S.D. New York.https://leagle.com/images/logo.png
May 8, 1996.
Opinion Denying Reconsideration and Amending Decision August 27, 1996.
Attorney(s) appearing for the Case
Wolf, Popper, Ross, Wolf & Jones, L.L.P., New York City (Robert M. Kornreich and Robert C. Finkel, of counsel), Lead Counsel and Chairman of the Executive Committee of Plaintiffs' Counsel.
Wolf, Haldenstein, Adler, Freeman & Herz, L.L.P., New York City (Daniel W. Krasner, of counsel), Christopher Lovell, P.C., New York City (Christopher Lovell, of counsel), Burt & Pucillo, West Palm Beach, FL (Michael J. Pucillo, of counsel), Post, Kirby, Noonan & Sweat, San Diego, CA (Michael L. Kirby, of counsel), Elwood S. Simon & Associates, P.C., Birmingham, MI (Elwood S. Simon, John P. Zuccarini, and Michael G. Wassmann, of counsel), Members of the Executive Committee of Plaintiffs' Counsel.
Krause & Kalfayen, San Diego, CA (James C. Krause, of counsel), Wechsler, Skirnick, Harwood, Halebian & Feffer, L.L.P., New York City (Robert A. Skirnick, of counsel), Garwin, Bronzaft, Gerstein & Fisher, L.L.P., New York City (Bruce E. Gerstein, of counsel), Cohn, Lifland, Pearlman, Herrmann & Knopf, Saddle Brook, NJ (Jeffrey Herrmann, of counsel), and Weiss & Yourman, Los Angeles, CA (Kevin Yourman, of counsel), for Plaintiffs.
Paul, Weiss, Rifkind, Wharton & Garrison, New York City (Martin London and Richard A. Rosen, of counsel) for Defendants Dean Witter Distributors Inc., Dean Witter Intercapital Inc., Dean Witter Reynolds Inc., Sheldon Curtis, Robert A. Day, Richard M. DeMartini, Charles A. Fiumefreddo, Thomas F. Caloia and Thomas E. Larkin, Jr.
Gordon, Altman, Butowsky, Weitzen, Shavlov & Wein, New York City (Michael B. Reuben, of counsel), for Defendants TCW/DW North American Government Income Trust, John C. Argue, John R. Haire, Dr. Manuel H. Johnson, Paul Kolton, Michael E. Nugent and David S. Tappan, Jr.
O'Melveny & Meyers, New York City (Martin Glenn and Alan Cohen, of counsel), for Defendant TCW Funds Management, Inc.
United States District Court, S.D. New York.
OPINION
LEISURE, District Judge:
This proposed class action arises out of plaintiffs' purchase of shares in TCW/DW North American Government Income Trust (the "Fund"). Plaintiffs claim that through various registration statements, prospectuses, sales materials, annual and semiannual reports, as well as oral statements of brokers and representatives of defendant Dean Witter Reynolds, Inc. ("DWR"), all defendants misrepresented the risks inherent in...
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