EDWARD J. DeBARTOLO CORP. v. COOPERS & LYBRAND

Civil Action Nos. 92-1938, 93-1437 and 93-2089. MDL No. 959. Misc. No. 93-96.

928 F.Supp. 557 (1996)

The EDWARD J. DeBARTOLO CORPORATION, Edward J. DeBartolo, Edward J. DeBartolo, Jr., as Trustee for Lisa Marie DeBartolo Revocable Trust and Tiffanie Lynne DeBartolo Trust No. 7 and as Executor of the Estate of Edward J. DeBartolo, Marie Denise York DeBartolo, as Trustee for the Edward J. DeBartolo Trust Nos. 8, 9, 10 and 11 and as Executor of the Estate of Edward J. DeBartolo, the DeBartolo Family Limited Partnership, Anthony W. Liberati, William D. Moses, and Richard S. Sokolov, Plaintiffs, v. COOPERS & LYBRAND, Eugene M. Freedman, Robert T. Caruso, Thomas J. Colligan, Warren D. Jones, William F. Buettner, Jr., Gregory S. Finerty, Theodore G. Glyptis, James R. Lattanzi, Garrett L. Stauffer, Louis L. Testoni, Howard R. Von Schaven, James H. Weber, and as class representatives of all partners of Coopers & Lybrand, Defendants. GROVE ASSOCIATES, Chesapeake Center Associates, Terrace Associates, Philadelphia Center Associates, Magna Trust Company, Trustee under Trust # 03-90-0977-00 fka Westfield Plaza Associates, Stuart Square Peripheral, Sandusky Center Partners, Palm Beach Mall, Inc., Highland Lakes Associates, TC Community Center Partnership, Illinois Centre Associates, Coolsprings Crossing Limited Partnership, Biltmore Square Associates, Berrien Associates, Northfield Center Peripheral Associates, Desoto Center, Inc., University Part Associates, Glen Burnie Mall, Inc., Plaintiffs, v. COOPERS & LYBRAND, Eugene M. Freedman, Robert T. Caruso, William F. Buettner, Jr., Gregory S. Finerty, William K. O'Brien, Larry S. Schumer, John Henry Cynkar, Robert Scott Williams, Richard L. Baird, John E. Easton, Phillip H. Reed, Jr., V.M. O'Reilly, John J. Roberts, Steven L. Skalak, Bjorn Hanson, Richard E. Sherman, individually and as class representatives of all partners of Coopers & Lybrand, Defendants.

United States District Court, W.D. Pennsylvania.

June 11, 1996.


Attorney(s) appearing for the Case

James H. McConomy, Pittsburgh, PA, for DeBartolo Corp.

Robert J. Sisk, New York City, for Coopers & Lybrand.

Roy L. Reardon, New York City, for Cooper's Partners.


OPINION

ZIEGLER, Chief Judge.

Pending before the court are the motions of defendants, Coopers & Lybrand, a nationwide accounting firm, and a certified class of partners and principles of the firm (hereinafter "Coopers"), for judgment notwithstanding the verdict of the jury on the issue of liability, and for a new trial. At the outset, we must address the argument of the prevailing plaintiffs, including the DeBartolo1

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