HARDEN v. RAFFENSPERGER, HUGHES & CO., INC.

No. IP 88-1057-C.

933 F.Supp. 763 (1996)

Naomi O. HARDEN, Antonio Mucci, Concetta Mucci and Ward O. Hughes, Jr., for themselves and on behalf of all other similarly situated noteholders of Firstmark Corporation, Plaintiffs, v. RAFFENSPERGER, HUGHES & CO., INC., Price Waterhouse, Leonard Rochwarger, Jeffrey Rochwarger, Arlene Rochwarger, Arnold B. Gardner, John M. Murray, Armand Castellani, John L. Hettrick, and Morris Himmel, Defendants.

United States District Court, S.D. Indiana, Indianapolis Division.

July 3, 1996.


Attorney(s) appearing for the Case

Hugh G. Baker, Jr., Baker Siegel & Page, Indianapolis, IN, Christopher Stuart, Much Shelist Freed Denenberg & Ament, Chicago, IL, for Naomi O. Harden, James G. Harden, Brouwer Representatives.

Gene R. Leeuw, Leeuw Plopper & Earnest, Indianapolis, IN, for Naomi O. Harden, James G. Harden, Antonia Mucci, Concetta Mucci, Evelyn M. Hughes.

Vaughn C. Williams, Skadden Arps Slate Meagher & Flom, New York City, for Leonard Rochwarger, Jeffrey Rochwarger, Rochmont Corporation.

William C. Barnard, Sommer & Barnard, Indianapolis, IN, for Leonard Rochwarger, Arlene Rochwarger, A. Gardner, J. Murray, A. Castellani, J. Hettrick, M. Himmel.

Anne H. Weinheimer, Legal Division, Indianapolis, IN, James W. Rankin, Kirkland & Ellis, Chicago, IL, for Raffensperger, Hughes & Co., Inc.

Evan E. Steger, Ice Miller Donadio & Ryan, Indianapolis, IN, for William M. Smith, Levin M. Smith.

Victor T. Fuzak, Buffalo, NY, for Armand Castellani, John L. Hettrick.

Stephen Coons, Atlanta, GA, for Ronald D. Hunter.

Brian W. Welch, McHale Cook & Welch, Indianapolis, IN, Stanley J. Parzen, Mayer Brown & Platt, Chicago, IL, for Price Water-house.


ORDER

McKINNEY, Judge.

On January 9, 1996, Raffensperger, Hughes & Co., Inc. ("Raffensperger"), the only non-settling defendant in this securities class action, filed a pre-hearing brief in which it raised issues about the composition of the class and the Court's authority to order a pro tanto contribution bar.1 Other issues were raised relating to the fairness to Raffensperger of the settlement between the...

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