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IN RE MTC ELECTRONIC TECHNOLOGIES SHAREHOLDER LITIGATION

No. CV 93 876 JG.

993 F.Supp. 160 (1997)

In re MTC ELECTRONIC TECHNOLOGIES SHAREHOLDER LITIGATION. This Document Relates To: All Actions.

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

January 21, 1997.

Attorney(s) appearing for the Case

Patricia M. Hynes, Paul D. Young, Sanford P. Dumain, Milberg, Weiss, Bershad, Hynes & Lerach, New York City, Jeffrey H. Squire, Kaufman, Malchman, Kirby & Squire, New York City, for Plaintiffs.

Thomas I. Sheridan III, Marshall Sklar, Haythe & Curley, New York City, Alexander F. Wiles, Jeffrey C. Hallam, Irell & Manella, Los Angeles, CA, for defendant MTC Electronic Tech. Co., Ltd.

James M. Ringer, Lori Martin, Rogers & Wells, New York City, Gary P. Naftalis, Alan P. Friedman, Kramer, Levin, Naftalis, Nessen, Kamin & Frankel, New York City, for defendant Daiwa Securities America, Inc.

Edward F. Westfield, Edward F. Westfield, P.C., Riverdale, NY, for Defendant H.J. Meyers & Co., Inc.

Bruce S. Kaplan, Philippe Adler, Friedman & Kaplan, New York City, for Individual Defendants.

Gregory A. Markel, Duker, Barrett, Gravante & Markel, LLP, New York City, for Defendant BDO Dunwoody Ward Mallette.

Richard C. Raymond, McMillan, Constabile, Maker, Murphy & Raymond, Larchmont, NY, for Defendant Alan Leung.

Johnathan D. Warner, Warner & Joselson, New York City, for Defendant Miko and Sit Wa Leung.

MEMORANDUM AND ORDER

GLEESON, District Judge.

Plaintiffs have brought this class action against MTC Electronic Technologies Co., Ltd. ("MTC"), and various others, including H.J. Meyers & Co. ("H.J. Meyers"), the lead underwriters for an MTC stock offering in 1991. Plaintiffs accuse these defendants of violating Section 10(b) of the Securities Exchange Act of 1934 (the "Act") (15 U.S.C. § 78j) and Rule 10b-5 (17 C.F.R. § 240.10b-5) promulgated...

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