IN RE IKON OFFICE SOLUTIONS, INC. SECURITIES LIT.

No. 98-CV-4286.

66 F.Supp.2d 622 (1999)

In re IKON OFFICE SOLUTIONS, INC. SECURITIES LITIGATION.

United States District Court, E.D. Pennsylvania.

September 14, 1999.


Attorney(s) appearing for the Case

Deborah R. Gross, Law Offices of Bernard M. Gross, P.C., Philadelphia, PA, Robert P. Frutkin, Savett, Frutkin, Podell and Ryan, P.C., Philadelphia, PA, Lynn Lincoln Sarko, Britt L. Tinglum, Keller, Rohrback, LLP, Seattle, WA, Jerome M. Congress, New York City, Douglas Risen, Berger & Montague, Philadelphia, PA, Patrick Slyne, Stull Stull & Brody, New York City, for Philip Cohen, Sandra Cohen, plaintiffs.

Todd S. Collins, Berger & Montague, P.C., Philadelphia, PA, Jules Brody, Aaron L. Brody, Stull Stull & Brody, New York City, Jared Specthrie, Samuel H. Rudman, Milberg, Weiss, Bershad, Hynes & Lerach, New York City, Robert P. Frutkin, Savett, Fruitkin, Podell and Ryan, P.C., Philadelphia, PA, Lynn Lincoln Sarko, Britt L. Tinglum, Juli E. Farris, Keller, Rohrback, Seattle, WA, Jerome M. Congress, New York City, Lee A. Weiss, Milberg, Weiss, Bershad, Hynes & Lerach, LLP., New York City, for Randy Leach, Judy Leach, Oliver Scofield, Dan Watson, Frederick L. Goldfein, Stanley Kopp, Lawrence Porter, Gerard J. Galiger, plaintiffs.

Thomas B. Roberts, Ballard, Spahr, Andrews and Ingersoll, Philadelphia, PA, Rory O. Millson, Alan J. Hruska, Thomas G. Rafferty, Cravath, Swaine & Moore, New York City, John G. Harkins, Jr., Harkins Cunningham, Philadelphia, PA, Gerald A. Ford, Cravath, Swaine & Moore, New York City, Miriam Hechler Baer, Andrew G. Gordon, Cravath, Swaine & Moore, New York City, for Ikon Office Solutions, Inc., James J. Forese, defendants.

Lawrence T. Hoyle, Arlene Fickler, Michael T. Starczewski, Hoyle, Morris and Kerr, LLP, Philadelphia, PA, for John E. Stuart, defendant.

Jacob A. Goldberg, Berger and Montague, P.C., Philadelphia, PA, Lynn Lincoln Sarko, Keller Rohrback, Seattle, WA, for Philadelphia Group, movant.

Thomas B. Roberts, Ballard, Spahr, Andrews and Ingersoll, Philadelphia, PA, Rory O. Millson, Alan J. Hruska, Thomas G. Rafferty, Gerald A. Ford, Miriam Hechler Baer, Andrew G. Goredon, Cravath, Swaine & Moore, New York City, John G. Harkins, Jr., Harkins Cunningham, Philadelphia, PA, for Kurt E. Dinkelacker, Michael J. Dillon, movants.

Rory O. Millson, Miriam Hechler Baer, Andrew G. Gordon, Cravath, Swaine & Moore, New York City, for William F. Drake, movant.

Marc Gary, Mayer, Gary A. Orseck, Kathryn Schaefer, Lawrence S. Robbins, Lily Fu Swenson, Brown & Platt, Washington, DC, Edward M. Posner, Drinker Biddle & Reath LLP, Philadelphia, PA, for Ernst & Young LLP, movant.

E. Graham Robb, Weber Goldstein Greenberg & Gallagher, Philadelphia, PA, for Julia Whetman, Judy Peterson, movants.


MEMORANDUM & ORDER

KATZ, Senior District Judge.

This securities fraud action was originally brought against defendants Ikon Office Solutions, Inc., and several of its officers and directors by plaintiffs who had purchased Ikon stock. Several months after the original complaint was filed, the plaintiffs were granted leave to file an amended complaint that added Ernst & Young, Ikon's accounting firm, as a defendant. Ernst & Young now moves...

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