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IN RE ULTRAFEM INC. SECURITIES LITIGATION

No. 98 Civ.1900(LAP).

91 F.Supp.2d 678 (2000)

In re ULTRAFEM INC. SECURITIES LITIGATION.

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

April 6, 2000.

Attorney(s) appearing for the Case

Arthur N. Abbey, Jill S. Abrams, Nancy Kaboolian, Abbey, Gardy & Squitieri, LLP, New York, New York, Samuel P. Sporn, Joel P. Laitman, Jay P. Saltzman, Schoengold & Sporn, P.C., New York, New York, for Plaintiffs.

Conrad K. Harper, Paul C. Curnin, Edward D. Hassi, Peter E. Kazanoff, Simpson Thacher & Bartlett, New York, New York, for Defendants Andersen, Reap, Hinch, Peebler, Nordmann, Cone, Jones, Nussbaum, Guthrie and Zesiger.

Robert I. Bodian, John M. O'Connell, O'Sullivan Graev & Karabell, LLP, New York, New York, for Defendant Contente.

Lisa Klein Wager, Rachelle M. Barstow, Morgan Lewis & Bockius LLP, New York, New York, for Defendant Jefferies & Company, Inc.

Michael J. Dell, Kramer Levin Naftalis & Frankel LLP, New York, New York, for Defendant Hampshire Securities Corporation.

OPINION

PRESKA, District Judge.

Plaintiffs John Magnan, Philip Berliner, Gershon Sontag, Tiffany Lewin, Jaqulin Shere and Rose Shere, on behalf of a putative class of similarly situated investors (collectively, "plaintiffs"), filed this securities action alleging that they were injured by the acts of defendants in violation of sections 11, 12(2) and 15 of the Securities Act of 1933 (the "Securities Act...

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