SMITH v. SUPREMA SPECIALTIES, INC.

Civ. Action Nos. 02-CV-168 (WHW), 02-CV-201 (DRD), 02-CV-329 (WHW), 02-CV-334 (WHW), 02-CV-335 (WHW), 02-CV-499 (WHW), 02-CV-550 (WHW), 02-CV-661 (WHW), 02-CV-672(WHW), 02-CV-697 (WHW), 02-CV-766 (WHW).

206 F.Supp.2d 627 (2002)

Donald SMITH, et al., Plaintiffs, v. SUPREMA SPECIALTIES, INC., et al., Defendants. Judith Graham, et al., Plaintiffs, v. Suprema Specialties, Inc., et al., Defendants. David Green, et al., Plaintiffs, v. Suprema Specialties, Inc., et al., Defendants. Gregory Harris, et al., Plaintiffs, v. Suprema Specialties, Inc., et al., Defendants. Murray Notkin, et al., Plaintiffs, v. Suprema Specialties, Inc., et al., Defendants. Teachers' Retirement System of Louisiana, et al., Plaintiffs, v. Suprema Specialties, Inc., et al., Defendants. Ronald Oliver, et al., Plaintiffs, v. Suprema Specialties, Inc., et al., Defendants. Stoneridge Investment Partners, et al., Plaintiffs, v. Suprema Specialties, Inc., et al., Defendants. Rena Nadoff, et al., Plaintiffs, v. Suprema Specialties, Inc., et al., Defendants. Stanley Sved, et al., Plaintiffs, v. Suprema Specialties, Inc., et al., Defendants. Scott Walls, et al., Plaintiffs, v. Suprema Specialties, Inc., et al., Defendants.

United States District Court, D. New Jersey.

July 1, 2002.


Attorney(s) appearing for the Case

Andrew Eckstein, Michael Z. Brownstein, Kathryn (Katy) L. Saurack, Blank Rome Tenzer Greenblatt LLP, New York, NY, Counsel for Suprema Specialties, Inc. (by First Class Mail).

A. Ross Pearison, Sills Cummis Radin Tischman Epstein & Gross, Newark, NJ, Counsel for Defendant Mark Cocchiola (by First Class Mail).

Nancy E. Delaney, Pamela J. Labaj, Curtis, Mallet-Prevost, Colt & Mosle LLP, Newark, NJ, Counsel for Defendant Venechanos (by First Class Mail).

Edward T. Kole, Wilentz, Goldman & Spitzer, Woodbridge, NJ, Counsel for Defendant Estate of Paul Lauriero (by First Class Mail).

Michael J. Canavan, Pepper Hamilton LLP, Princeton, NJ, Counsel for Janney Montgomery Scott, Pacific Growth Equities, and Roth Capital Partners (by First Class Mail).

Joseph J. DePalma, Allyn Zissel Lite, Lite DePalma Greenberg & Rivas, Newark, NJ, Counsel for Plaintiffs Donald Smith, Ronald Oliver, Rena Nadoff, Gregory Harris, Judith Graham, David Green, Wyper Capital Management, Ascend Capital, the Hitel Group Inc. (by Federal Express).

Stuart L. Berman, Schiffrin & Barroway, LLP Bala, Cynwyd, PA, Samuel H. Rudman, Milberg Weiss Bershad Hynes & Lerach LLP, New York, NY, Counsel for Plaintiffs Wyper Capital Management, Ascend Capital (by Federal Express).

James A. Harrod, Wolf Popper LLP, New York, NY, Counsel for Plaintiff The Hitel Group Inc. (by Federal Express).

Marvin Frank, Rabin & Peckel LLP, New York, NY, Counsel for Plaintiff Garden State Securities Group (by Federal Express).

Leo W. Desmond, Sparta, NJ, Counsel for Plaintiffs Scott Walls, Garden State Securities Group (by Federal Express).

Gary S. Graifman, Kantrowitz, Goldhammer & Graifman, Montvale, NJ, Counsel for Plaintiff Stoneridge Investment Partners LLC (by Federal Express).

Harvey Greenfield, Law Firm of Harvey Greenfield, New York, NY, Counsel for Plaintiff Stoneridge Investment Partners LLC (by Federal Express).

Andrew Robert Jacobs, Epstein Fitzsimmons Brown Ringle Gioia & Jacobs PC, Chatham Township, NJ, Counsel for Plaintiff Stanley Sved (by First Class Mail).

Fred T. Isquith, Wolf Haldenstein Adler Freeman & Herz LLP, New York, NY, Counsel for Plaintiff Stanley Sved (by First Class Mail).

William J. Pinilis, Kaplan, Kilsheimer & Fox LLP, Morristown, NJ, Counsel for Plaintiff Murray Notkin (by First Class Mail).

Harold G. Levison, Jonathan Minsker, Kasowitz Benson Torres & Friedman LLP, New York, NY, Seth R. Lesser, Bernstein Litowitz Berger & Grossman LLP, Lead Counsel, Hackensack, NJ, Counsel for Lead Plaintiff Teachers' Retirement.

Arthur S. Goldstein, Wolf & Samson, Roseland, NJ, Counsel for Defendants.

Diane J. O'Neil, Mendes & Mount, Esqs. Newark, NJ, Counsel for Defendants.


OPINION

WALLS, District Judge.

The matter before this Court is the appointment of lead plaintiff and lead counsel in this securities class action against Suprema Specialties, Inc. ("Suprema" or the "Company") pursuant to Section 21D(a)(3)(B) of the Securities Exchange Act of 1934 (the "Exchange Act") and Section 27(a)(3) of the Securities Act of 1933 (the "Securities Act"), each as amended by the Private Securities Litigation Reform Act of 1995 (the "PSLRA...

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