IN RE NUMEREX CORP. SECURITIES LITIGATION

Civil A. No. 95-4378.

913 F.Supp. 391 (1996)

In re NUMEREX CORPORATION SECURITIES LITIGATION.

United States District Court, E.D. Pennsylvania.

January 24, 1996.


Attorney(s) appearing for the Case

Sherrie R. Savett, Berger & Montague, Philadelphia, PA; Stuart Savett, Savett, Frutkin, Podell & Ryan, Philadelphia, PA; and Jules Brody, Stull, Stull & Brody, New York City, for plaintiffs.

Elizabeth Hoop Fay, Morgan, Lewis & Bockius, Philadelphia, PA, for defendants Gwynedd Resources Ltd. and Richard L. Mooers.

Alexander D. Bono, Blank, Rome, Comisky & McCauley, Philadelphia, PA, for defendants Numerex Corporation, Eugene J. White, Frederick C. Shay, Charles L. McNew, Kenneth F. Manser, and Matthew J. Flanagan.

Mark J. Levin, Dilworth, Paxson, Kalish & Kauffman, Philadelphia, PA, for defendants Prudential Securities, Inc. and Prudential-Bache Securities, Inc.


MEMORANDUM

DALZELL, District Judge.

Disappointed investors filed three putative class action suits in this Court in connection with a public offering of Numerex Corporation ("Numerex") common stock. After we consolidated the cases under the above caption, plaintiffs filed an amended complaint alleging violations of the Securities Act of 1933. Defendants have moved to dismiss pursuant to Federal Rule of Civil Procedure 12(b)(6).1...

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