IN RE STERLING FOSTER & CO., INC., SECURITIES LIT.

No. MDL 1208(ADS)(MLO). Nos. 97 CV 189(ADS)(MLO), 97 CV 610(ADS) (MLO), 97 CV 1689(ADS)(MLO), 97 CV 3253(ADS)(MLO) and 97 CV 3775(ADS)(MLO).

238 F.Supp.2d 480 (2002)

In re STERLING FOSTER & CO., INC., SECURITIES LITIGATION. This Document Relates to Thomas Rogers, et al., Plaintiffs, v. Sterling Foster & Co., Inc., et al., Defendants. Leo W. Smith, et al., Plaintiffs, v. Sterling Foster & Co., Inc., et al., Defendants. William V. Wright, et al., Plaintiffs, v. Sterling Foster & Co., Inc., et al., Defendants. Michael Reynosa, et al., Plaintiffs, v. Sterling Foster & Co., Inc., et al., Defendants. Andrew Petit, et al., Plaintiffs, v. Sterling Foster & Co., Inc., et al., Defendants.

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

December 11, 2002.


Attorney(s) appearing for the Case

Milberg Weiss Bershad Hynes & Lerach, LLP by Robert A. Wallner, Esq., Kim Levy, Esq., Of Counsel, New York City, for Plaintiffs.

Goodkind Labaton Rudoff & Sucharow, LLP by Lou Gottlieb, Esq., Ira A. Schochet, Esq., Jonathan M. Plasse, Esq., James M. Strauss, Esq., Of Counsel, New York City, for Plaintiffs.

Rathman, Francis & Holland, LLC by Steven J. Stolze, Esq., Of Counsel, St. Louis, MO, for Claims Against Advanced Voice Technologies, Inc., Com/Tech Communications Technologies, Inc. & Embryo Development Corporation.

Kirby McInerney & Squire, LLP by Peter S. Linden, Esq., Lewis S. Sandler, Esq., Of Counsel, New York City, for Claims Against Lasergate Systems, Inc. & ML Direct, Inc.

Law Offices of Joseph D'elia by Joseph D'Elia, Esq., Of Counsel, Huntington, NY, for the Defendant Sterling Foster & Company, Inc.

Ungaretti & Harris by Miriam G. Bahcall, Esq., Rawn Howard Reinhard, Esq., Of Counsel, Chicago, IL, for the Defendant Sterling Foster & Company, Inc.

Morvillo, Abramowitz, Grand, Iason & Silberberg, P.C. by Edward M. Spiro, Esq., Of Counsel, New York City, for the Defendant Randolph Pace.

Alan M. Novich, Montgomery, PA, Defendant Pro Se.

Choate, Hall & Stewart by Jeremiah T. O'Sullivan, Esq., John R. Baraniak, Jr., Esq., Of Counsel, Boston, MA, for the Defendants Com/Tech Communication Technologies, Inc., ML Direct, Inc., and Nancy G. Shalek.

Zuckerman, Spaeder, Goldstein, Taylor & Kolker, LLP by Lisa A. Cahill, Esq., Of Counsel, New York City, for the Defendants Com/Tech Communication Technologies, Inc., ML Direct, Inc., and Nancy G. Shalek.

Bondy & Schloss, LLP by Joel M. Wolosky, Esq., Of Counsel, New York City, for the Defendant Lasergate Systems, Inc.

Arnold & Porter by Peter L. Zimroth, Esq., David A. Weintraub, Esq., Of Counsel, New York City by Stephen M. Sacks, Esq., Scott B. Schreiber, Esq., James L. Cooper, Esq., Of Counsel, Washington, DC, for the Defendants Bear, Stearns & Co., Inc., and Bear, Stearns Securities Corp.

Katten Muchin Zavis Rosenman, New York City by Howard Wilson, Esq., Joseph Zuckerman, Esq., Of Counsel, for the Defendant Richard Harriton.

Carey & Associates, New York City by Michael Q. Carey, Esq., Miriam A. Widmann, Esq., Of Counsel, for the Defendants Roger Buoy, Tony Swash, Terence McAuley, and Armando Araujo.

Covington & Burling, New York City by P. Benjamin Duke, Esq., Of Counsel, for the Defendant Bear, Stearns Securities Corp.

Skadden, Arps, Slate, Meagher & Flom, New York City by Samuel Kadet, Esq., Of Counsel, for Defendant Embryo Development.

Wilmer, Cutler & Pickering, New York City by Richard Bierschbach, Esq., Andrew D. Kaiser, Esq., Of Counsel, for the Defendant Michael Krasnoff.

Milbank, Tweed, Hadley & McCoy, New York City by Scott Edelman, Esq., Of Counsel, for the Defendants Bernstein & Wasserman, LLP., Hartley Bernstein & Steven Wasserman.

Rogers & Wells, New York City by David Meister, Esq., Of Counsel, for the Defendants Bernstein & Wasserman, LLP, Hartley Bernstein & Steven Wasserman.

Goldman & Hafetz, New York City by Susan Necheles, Esq., Of Counsel, for the Defendant Michael Lulkin.

Jeremy Lee Slovik, Boca Raton, FL, Defendant Pro Se.

Adam Lieberman, Defendant Pro Se.

Frank Monroig, Defendant Pro Se.

Timothy J. Matthews, Defendant Pro Se.

Matthew Hawley, Defendant Pro Se.

Jason Marowski, Defendant Pro Se.

Andrew Tursi, Defendant Pro Se.

Craig Kellerman, Defendant Pro Se.

Michael Sabato, Defendant Pro Se.

Robert J. Paulson, Defendant Pro Se.


SPATT, District Judge.

This class action involves allegations by the plaintiffs that the defendants made misstatements and omissions and were engaged in market manipulation with respect to six public offerings. Presently before the Court are motions for final approval of a partial settlement, plan allocation and the award of attorneys' fees and expenses.

I. BACKGROUND

The detailed factual background...

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