IN RE SUNTERRA CORP. SECURITIES LITIGATION

No. 6:00-CV-79-ORL-28DAB.

199 F.Supp.2d 1308 (2002)

In re: SUNTERRA CORPORATION SECURITIES LITIGATION

United States District Court, M.D. Florida, Orlando Division.

March 12, 2002.


Attorney(s) appearing for the Case

Stanley D. Bernstein, Mel E. Lifshitz, Sandy Liebhard, Robert J. Berg, Bernstein Liebhard & Lifshitz, New York City, Kenneth Vianale, Maya Saxena, Milberg, Weiss, Bershad, Hynes & Lerach, Boca Raton, FL, for Atara Hirth.

Michael J. Pucillo, C. Oliver Burt, III, Berman, DeValerio, Pease, Tabacco, Burt & Pucillo, West Palm Beach, FL, Mark S. Goldman, Weinstein, Kitchenoff, Scarlato & Goldman, Ltd., Philadelphia, PA, Michael D. Donovan, Donovan Searles, LLC, Philadelphia, PA, Lisa J. Rodriguez, Trujillo, Rodriguez & Richards, LLP, Haddonfield, NJ, Ann Miller, Ann Miller, LLC, Philadelphia, PA, for Bulldog Capital Management, L.P.

Michael C. Addison, Addison & Delano, P.A., Tampa, FL, Marc A. Topaz, Schiffrin & Barroway, LLC, Bala Cynwyd, PA, Michael J. Pucillo, C. Oliver Burt, III, Berman, DeBalerio, Pease, Tabacco, Burt & Pucillo, West Palm Beach, FL, Robert M. Roseman, Spector & Roseman, P.C., Philadelphia, PA, for Guanhong Xu.

Samuel K. Rosen, Wechsler, Harwood, Halebian & Feffer, LLP, New York City, Kenneth Vianale, Maya Saxena, Milberg, Weiss, Bershad, Hynes & Lerach, Boca Raton, FL, Joshua M. Lifshitz, Peter D. Bull, Bull & Lifshitz, New York City, for Carlton J. Sherman, Jr., Winning Options III Club

Kenneth Vianale, Maya Saxena, Milberg, Weiss, Bershad, Hynes & Lerach, Boca Raton, FL, for Chris Campbell.

Leo W. Desmond, Law Office of Leo W. Desmond, West Palm Beach, FL, Peter A. Lennon, Law Office of Peter A. Lennon, Broomall, PA, for William Behl.

Stephen D. Oestreich, Chet B. Waldman, James A. Harod, Wolf Popper, LLP, New York City, Michael C. Addison, Addison & Delano, P.A., Tampa, FL, Michael J. Pucillo, C. Oliver Burt, III, Berman, DeBalerio, Pease, Tabacco, Burt & Pucillo, West Palm Beach, FL, for Thomas B. Bates.

Leo W. Desmond, Law Office of Leo W. Desmond, West Palm Beach, FL, Francis J. Farina, Law Office of Francis J. Farina, Devon, PA, Tracy Murray, law offices of Tracy Murray, Garden City, NJ, for Jeff Horwitz.

Andrew N. Friedman, Cohen, Milstein, Hausfeld & Toll, PLLC, Washington, DC, Michael C. Addison, Addison & Delano, P.A., Tampa, FL, Michael J. Pucillo, C. Oliver Burt, III, Berman, DeValerio, Pease, Tabacco, Burt & Pucillo, West Palm Beach, FL, for Simon J. Wachsberg.

Curtis V. Trinko, Timothy J. MacFall, Law Offices of Curtis V. Trinko, New York City, Glen DeValerio, Michael Lange, Berman, DeValerio, Pease, Tabacco, Burt & Pucillo, Boston, MA, Michael C. Addison, Addison & Delano, P.A., Tampa, FL, Michael J. Pucillo, Berman, DeValerio, Pease, Tabacco, Burt & Pucillo, West Palm Beach, FL, Andrew Schatz, Schatz & Nobel, Hartford, CT, for Steven R. Mathis.

Stephen D. Oestreich, Chet B. Waldman, James A. Harod, Wolf Popper, LLP, New York City, Richard A. Lockridge, Karen M. Hanson, Lockridge Grindal, Nauen, P.L.L.P., Minneapolis, MN, Michael J. Pucillo, C. Oliver Burt, III, Berman, DeBalerio, Pease, Tabacco, Burt & Pucillo, West Palm Beach, FL, for Vincent Batista.

Mark C. Grady, Abbey, Gardy & Squitieri, LLP, New york City, Wallace A. Showman, Law Office of Wallace A. Showman, P.C., New York City, Douglas Clark Bowdoin, Beusse, Brownlee, Bowdoin & Wolter, P.A., Orlando, FL, for Ellis Cox.

Fred T. Isquith, Shane T. Rowley, Nikki Montgomery, Wolf, Haldenstein, Adler, Freeman & Herz, New York City, Michael C. Addison, Addison & Delano, P.A., Tampa, FL, C. Oliver Burt, III, Berman, DeBalerio, Pease, Tabacco, Burt & Pucillo, West Palm Beach, FL, for Ziv Gani.

Sherrie R. Savett, Berger & Montague, P.C., Philadelphia, PA, Michael C. Addison, Addison & Delano, P.A., Tampa, FL, Stephen Levy, Levy & Levy, New York City, for Clifton Wynn Eldred.

Glen DeValerio, Michael Lange, Berman, DeValerio, Pease, Tabacco, Burt & Pucillo, Boston, MA, Michael C. Addison, Addison & Delano, P.A., Tampa, FL, Michael J. Pucillo, C. Oliver Burt, III, Berman, DeValerio, Pease, Tabacco, Burt & Pucillo, West Palm Beach, FL, James V. Bashian, Oren Giskan, Law Office of James V. Bashian, P.C., New York City, for Sheldon Silver.

Daniel C. Johnson, Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A., Orlando, FL, Sylvia H. Walbolt, Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A., St. Petersburg, FL, for Sunterra Corp.

Daniel C. Johnson, Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A., Orlando, FL, Sylvia H. Walbolt, Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A., St. Petersburg, FL, Michael P. Carroll, Florence Crisp, Davis Polk & Wardwell, New York City, for L. Steven Miller, Richard Goodman.

Daniel C. Johnson, Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A., Orlando, FL, Sylvia H. Walbolt, Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A., St. Petersburg, FL, Peter K. Rosen, Christopher P. Murphy, Mayer, Brown & Platt, Los Angeles, CA, Michael P. Carroll, Florence Crisp, Joseph F. Warganz, Jr., Davis Polk & Wardwell, New York City, for Joshua S. Friedman.

Jeffrey D. Keiner, Frank A. Hamner, Gray, Harris & Robinson, P.A., Orlando, FL, Matthew Keiser, David B. Bergman, Scott Schreiber, Justin Antonipillai, Arnold & Porter, Washington, DC, for Arthur Andersen, LLP.

Terry S. Bienstock, Bienstock & Clark, Miami, FL, M. Norman Goldberger, Colleen K. Lynch, Wolf, Block, Schorr and Solis-Cohen, LLP, Philadelphia, PA, for Charles Frey, Genevieve Giannoni.

Daniel C. Johnson, Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A., Orlando, FL, Sylvia H. Walbolt, Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A., St. Petersburg, FL, Michael P. Carroll, Florence Crisp, Joseph F. Warganz, Jr., Davis Polk & Wardwell, New York City for Steven C. Kenninger.


ORDER

ANTOON, District Judge.

This case is a putative securities fraud class action in which shareholders seek relief against individual corporate officers and directors of Sunterra Corporation ("Sunterra" or "the Company") and the accountants for Sunterra. The case is currently before the Court on several motions filed by the Defendants seeking dismissal of the Consolidated Amended Class Action Complaint.1 As more specifically...

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