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McKOWAN LOWE & CO., LTD. v. JASMINE, LTD.

Civil No. 94-5522.

976 F.Supp. 293 (1997)

McKOWAN LOWE & CO., LTD., et al., Plaintiffs, v. JASMINE, LTD., et al., Defendants.

United States District Court, D. New Jersey.

August 29, 1997.

Attorney(s) appearing for the Case

Mark Baumgarten, Ravin, Sarasohn, Cook, Baumgarten, Fisch & Rosen, Roseland, NJ.

William DeSantis, Kenney & Kearney, Cherry Hill, NJ,

Brett L. Messinger, Wolf, Block, Schorr & Solis-Cohen, Camden, NJ.

Steven A. Miller, Sachnoff & Weaver, Chicago, IL.

Richard A. Roth, Littman, Krooks & Roth, New York City.

Joel W. Todd, Dolchin, Slotkin & Todd, Philadelphia, PA.

Thomas J. Hagner, Kenney & Kearney, Cherry Hill, NJ.

Johnathan L. Goldstein, Hellring, Lindeman, Goldstein & Siegal, Newark, NJ.

Nancy A. Temple, Sidley & Austin, Chicago, IL.

Nicholas M. Kouletsis, Pepper, Hamilton & Scheetz, Cherry Hill, NJ.

Michael Behn, Futterman & Howard, Chicago, IL.

KUGLER, United States Magistrate Judge.

This matter presents the interesting question of whether the Private Securities Litigation Reform Act of 1995, P.L. 104-67, codified at 15 U.S.C. § 77a et seq. (The "Reform Act" or "Act") applies to certain defendants added to a case after the effective date of the Act. These new defendants, Arthur Anderson, L.L.P. ("Anderson") and McKowan Lowe & Co., Ltd., ("McKowan Lowe") claim that the Act applies to them and they...

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