IN RE BAUSCH & LOMB, INC. SECURITIES LITIGATION

No. 94-CV-76270L.

941 F.Supp. 1352 (1996)

In re BAUSCH & LOMB, INC. SECURITIES LITIGATION. This Document Relates to All Actions.

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

October 24, 1996.


Attorney(s) appearing for the Case

Timothy J. Perry, Sugarman, Wallace, Manheim & Schoenwald, Syracuse, NY, Mark C. Gardy, Lee Squitieri, Abbey & Ellis, New York City, Sandy Liebhard, Bernstein Liebhard & Lifshitz, New York City, Harold B. Obstfeld, Law Offices of Harold B. Obstfeld, New York City, for plaintiff JE & ZB Butler Foundation.

Timothy J. Perry, Sugarman, Wallace, Manheim & Schoenwald, Syracuse, NY, Mark C. Gardy, Lee Squitieri, Abbey & Ellis, New York City, Sandy Liebhard, Bernstein Liebhard & Lifshitz, New York City, for plaintiff Shmuel Muller.

Timothy J. Perry, Sugarman, Wallace, Manheim & Schoenwald, Syracuse, NY, for plaintiffs Murray Zucker, as Custodian for Lillian M. Zucker, Asbestos Workers Local Union II Defined Benefit Pension Plan and Allen Reichman.

Timothy J. Perry, Sugarman, Wallace, Manheim & Schoenwald, Syracuse, NY, Jon Plasse, Goodkind, Labaton, Rudoff & Sucharow, New York City, for plaintiff Eugene H. Feldman, IRA.

Louis D'Amanda, Chamberlain, D'Amanda, Oppenheimer & Greenfield, Rochester, NY, for plaintiff Henry Grossman.

Jules Brody, Stull, Stull & Brody, New York City, for plaintiff William Goresko.

Patricia A. Hulley, Bausch & Lomb Incorporated, Rochester, NY, John F. Savarese, David Gruenstein, Kevin S. Reed, David R. Lurie, Wachtell, Lipton, Rosen & Katz, New York City, for defendant Bausch & Lomb Incorporated.

Carolyn G. Nussbaum, Nixon, Hargrave, Devans & Doyle, Rochester, NY, Patricia A. Hulley, Bausch & Lomb Inc., Rochester, NY, John F. Savarese, David Gruenstein, Kevin S. Reed, Wachtell, Lipton, Rosen & Katz, New York City, for defendant Daniel E. Gill.

Carolyn G. Nussbaum, Nixon, Hargrave, Devans & Doyle, Rochester, NY, for defendants Ronald L. Zarella, Peter Stephenson, Alan H. Resnick, Stephen L. McCluski.


AMENDED DECISION AND ORDER

LARIMER, Chief Judge.

This is a class action brought on behalf of persons who purchased Bausch & Lomb, Inc. ("B & L") common stock from October 13, 1993 through January 25, 1995. Plaintiffs allege that during that period, defendant B & L engaged in a scheme to mislead the investing public about its financial condition and its prospects for future sales and income. Plaintiffs allege that over a period of time...

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