IN RE GRAND CASINOS, INC., SECURITIES LITIGATION

No. 4-96-890.

988 F.Supp. 1273 (1997)

In re GRAND CASINOS, INC., SECURITIES LITIGATION.

United States District Court, D. Minnesota, Fourth Division.

December 9, 1997.


Attorney(s) appearing for the Case

Todd S. Collins, Berger & Montague, Philadelphia, PA, Srtephen D. Oestreich, Patricia I. Avery, Wolf, Popper, Ross, Wolf & Jones, New York, NY, Samuel D. Heins, Bryan Lee Crawford, Stacey L. Mills, Renae Diane Steiner, Vincent J. Esades, Heins, Mills & Olson, Minneapolis, MN, Ann D. White, Mager Liebenberg & White, Philadelphia, PA, Sherrie R. Savett, Andrew E. Lencyk, for Joel Blake, Gary Friedman.

Srtephen D. Oestreich, Patricia I. Avery, Wolf, Popper, Ross, Wolf & Jones, New York, NY, Samuel D. Heins, Bryan Lee Crawford, Stacey L. Mills, Renae Diane Steiner, Vincent J. Esades, Heins, Mills & Olson, Minneapolis, MN, Ann D. White, Mager Liebenberg & White, Philadelphia, PA, Sherrie R. Savett, Andrew E. Lencyk, for Kevin Malakouti, Robert Friedland, Robert D. Marcus.

Craig W. Gagnon, Michael J. Bleck, Michael E. Keyes, Christopher Cain, Oppenheimer, Wolff & Donnelly, Minneapolis, MN, for Grand Casinos, Inc., Lyle A. Berman, Patrick R. Cruzen, Timothy J. Cope, Stanley M. Taube.


MEMORANDUM OPINION AND ORDER GRANTING IN PART AND DENYING IN PART DEFENDANTS' MOTION TO DISMISS

TUNHEIM, District Judge.

This shareholder class action arises out of the investment of Grand Casino, Inc. ("Grand") in a project known as Stratosphere, a Las Vegas attraction containing a casino, hotel, and entertainment complex. Plaintiffs seek to represent a class consisting of all persons (except defendants) who purchased Grand common stock during...

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