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D.E. & J LTD. PARTNERSHIP v. CONAWAY

No. 02-CV-70684-DT.

284 F.Supp.2d 719 (2003)

D.E. & J LIMITED PARTNERSHIP, Individually and on behalf of all others similarly situated, Plaintiff, v. Charles CONAWAY, Jeffrey Boyer, Mark S. Schwartz, Matthew F. Hilzinger, Martin E. Welch, and PricewaterhouseCoopers, LLP, Defendants.

United States District Court, E.D. Michigan, Southern Division.

September 19, 2003.

Attorney(s) appearing for the Case

Sanford Dumain, Brian C. Kerr, Milberg Weiss Bershad Hynes & Lerach LLP, New York, NY, On behalf of the Plaintiffs.

Katharine M. Ryan, Schiffrin & Barroway, LLP, Bala Cynwd, PA, On behalf of the Plaintiffs.

E. Powell Miller, Miller Shea, P.C., Troy, MI, On behalf of the Plaintiffs.

Scott R. Lassar, Hille R. Sheppard, Sidley, Austin, Chicago, IL, On behalf of Defendant Conaway.

David H. Kistenbroker, Katten Muchin Zavis, Chicago, IL, On behalf of the Defendants Hilzinger and Welch.

Martin L. Perschetz, Matthew L. Craner, Schulte Roth & Zabel LLP, New York, NY, On behalf of Defendant Boyer.

Brian Rosner, Law Office of Brian Rosner, New York, NY, On behalf of Defendant Schwartz.

Eric H. Lipsitt, Williams Mullen, Detroit, MI, On behalf of Defendant Schwartz.

James J. Boland, Kirkland & Ellis LLP, Chicago, IL, On behalf of PricewaterhouseCoopers.

Tom Tallerico, Bodman, Longley & Dahling, LLP, Troy, MI, On behalf of PricewaterhouseCoopers.

Philip T. Carter, Patrick McCarthy, Howard & Howard, Bloomfield Hills, MI, On behalf of Kmart Corporation, Intervenors.

OPINION AND ORDER REGARDING DEFENDANTS' MOTIONS TO DISMISS

ROSEN, District Judge.

I. INTRODUCTION

The above-captioned securities fraud action is a consolidation of several complaints1 filed as putative class actions against five senior executive officers (the "Individual Defendants") of Kmart Corporation and Kmart's outside auditiors, PricewaterhouseCoopers...

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