IN RE NORTHWESTERN CORP. SECURITIES LITIGATION

No. CIV 03-4049.

299 F.Supp.2d 997 (2003)

In re NORTHWESTERN CORPORATION SECURITIES LITIGATION

United States District Court, D. South Dakota, Southern Division.

October 15, 2003.


Attorney(s) appearing for the Case

Timothy J. Dougherty, Dougherty & Dougherty, Sioux Falls, SD, Lionel Z. Glancy, Glancy & Binkow, Los Angeles, CA, for Dana Ross.

Thomas K. Wilka, Hagen, Wilka & Archer, P.C., Sioux Falls, SD, Darren J. Robbins, William S. Lerach, Milberg, Weiss, Bershad, Hynes & Lerach, LLP, San Diego, CA, David Lavine, Dennis J. Herman, Patrick J. Coughlin, Reed R. Kathrein, Willow E. Radcliffe, Milberg, Weiss, Bershad, Hynes & Lerach, LLP, San Francisco, CA, for Carpenters Pension Trust for Soutehrn Cal.

Thomas K. Wilka, Hagen, Wilka & Archer, P.C., Sioux Falls, SD, Arthur L. Shingler, III, Scott & Scott, LLC, San Diego, CA, Darren J. Robbins, William S. Lerach, Milberg, Weiss, Bershad, Hynes & Lerach, LLP, San Diego, CA, David Lavine, Dennis J. Herman, Patrick J. Coughlin, Reed R. Kathrein, Willow E. Radcliffe, Milberg, Weiss, Bershad, Hynes & Lerach, LLP, San Francisco, CA, for Oppenheim Investment Management, LLC.

Timothy J. Dougherty, Dougherty & Dougherty, Sioux Falls, SD, David A. Rosenfeld, Samuel H. Rudman, Cauley, Geller, Bowman, Coates & Rudman, LLP, Melville, NY, F. Andre Delfi, Marc A. Topaz, Schiffrin & Barroway, LLP, Bala Cynwyd, PA, for John Gremillion, Jr.

Thomas K. Wilka, Hagen, Wilka & Archer, P.C., Sioux Falls, SD, Guri Ademi, Shpetim Ademi, Ademi & O'Reilly, LLP, Cudahy, WI, for Samuel E. Christen, Alan G. Stevens, John LaGalante, Caman Investments Inc.

Timothy J. Dougherty, Dougherty & Dougherty, Sioux Falls, SD, David A. Rosenfeld, Samuel H. Rudman, Cauley, Geller, Bowman, Coates & Rudman, LLP, Melville, NY, F. Andre Delfi, Marc A. Topaz, Schiffrin & Barroway, LLP, Bala Cynwyd, PA, Karen M. Hanson, Richard A. Lockridge, Lockridge, Grindal, Nauen, P.L.L.P., Minneapolis, MN, for William Pelak.

Timothy J. Dougherty, Dougherty & Dougherty, Sioux Falls, SD, Andrew Schatz, Jeffrey S. Nobel, Nancy A. Kulesa, Schatz & Nobel, P.C., Hartford, CT, for Joseph Wood, Jr.

Todd D. Epp, Abourezk Law Offices, PC, Sioux Falls, SD, Ira M. Press, Kirby, McInerney & Squire, New York, NY, Lionel Z. Glancy, Glancy & Binkow, Los Angeles, CA, for Grace Liberoff, Leon Feigin.

Thomas K. Wilka, Hagen, Wilka & Archer, P.C., SD, Timothy J. Dougherty, Dougherty & Dougherty, Sioux Falls, SD, Alfred G. Yates, Law Offices of Alfred G. Yates, Jr., Pittsburgh, PA, Azra Z. Mehdi, Milberg, Weiss, Bershad, Hynes & Lerach, LLP, San Francisco, CA, Curtis Trinko, New York, NY, Darren J. Robbins, William S. Lerach, Milberg, Weiss, Bershad, Hynes & Lerach, LLP, San Diego, CA, David Lavine, Dennis J. Herman, Patrick J. Coughlin, Reed R. Kathrein, Willow E. Radcliffe, Milberg, Weiss, Bershad, Hynes & Lerach, LLP, San Francisco, CA, David R. Scott, Michael A. Swick, Scott & Scott, LLC, Colchester, CT, Guri Ademi, Ademi & O'Reilly, LLP, Cudahy, WI, Kenneth A. Wexler, Kenneth A. Wexler & Associates, Chicago, IL, Lee Squitieri, Stephen J. Fearon, Squitieri & Fearon, LLP, New York, NY, Paul J. Scarlato, Weinstein, Kitchenoff, Scarlato, Karon & Goldman Ltd., Philadelphia, PA, for Arthur Laufer.

Mark F. Marshall, Davenport, Evans, Hurwitz & Smith, Sioux Falls, SD, David R. Crosby, Elizabeth Kramer, Michael G. Taylor, Stephen M. Qinlivan, Leonard, Street & Deinard, PC, Minneapolis, MN, Grace A. Carter, John A. Reding, Jr., Paul, Hastings, Janofsky & Walker, LLP, San Francisco, CA, Morgan J. Miller, William F. Sullivan, Paul, Hastings, Janofsky & Walker, LLP, San Diego, CA, for Merle D. Lewis.

John Patrick Mullen, Victoria M. Duehr, Bangs, McCullen, Butler, Foye & Simmons, Sioux Falls, SD, David J. Stagman, Mary Ellen Hennessy, Sheldon T. Zenner, Katten, Muchin, Zavis, Rosenman, Chicago, IL, for Kipp D. Orme.

Mark F. Marshall, Davenport, Evans, Hurwitz & Smith, Sioux Falls, SD, Edward Han, Paul, Hastings, Janofsky & Walker, LLP, San Francisco, CA, Grace A. Carter, John A. Reding, Jr., Paul, Hastings, Janofsky & Walker, LLP, San Francisco, CA, Karol K. Denniston, Paul, Hastings, Janofsky & Walker, LLP, Atlanta, GA, Morgan J. Miller, William F. Sullivan, Paul, Hastings, Janofsky & Walker, LLP, San Diego, CA, for Northwestern Corp.

Jeremiah D. Murphy, Vance R.C. Goldammer, Murphy, Goldammer & Prendergast, LLP, Sioux Falls, SD, David P. Pearson, Karl E. Robinson, Winthrop & Weinstine, P.A., Minneapolis, MN, for Richard R. Hylland.

Mark F. Marshall, Davenport, Evans, Hurwitz & Smith, Sioux Falls, SD, David R. Crosby, Elizabeth Kramer, Michael G. Taylor, Stephen M. Qinlivan, Leonard, Street & Deinard, PC, Minneapolis, MN, Morgan J. Miller, William F. Sullivan, Paul, Hastings, Janofsky & Walker, LLP, San Diego, CA, Grace A. Carter, John A. Reding, Jr., Paul, Hastings, Janofsky & Walker, LLP, San Francisco, CA, for Daniel K. Newell.

Mark F. Marshall, Davenport, Evans, Hurwitz & Smith, Sioux Falls, SD, Morgan J. Miller, William F. Sullivan, Paul, Hastings, Janofsky & Walker, LLP, San Diego, CA, Grace A. Carter, John A. Reding, Jr., Paul, Hastings, Janofsky & Walker, LLP, San Francisco, CA, for Eric R. Jacobsen.

Mark F. Marshall, Davenport, Evans, Hurwitz & Smith, Sioux Falls, SD, Steven W. Sanford, Cadwell, Sanford, Deibert & Garry, LLP, Sioux Falls, SD, Edward Han, Paul, Hastings, Janofsky & Walker, LLP, San Francisco, CA, Grace A. Carter, John A. Reding, Jr., Paul, Hastings, Janofsky & Walker, LLP, San Francisco, CA, J. Christian Word, Latham & Watkins, Reston, VA, Morgan J. Miller, William F. Sullivan, Paul, Hastings, Janofsky & Walker, LLP, San Diego, CA, Paul H. Dawes, Latham & Watkins, LLP, Menlo Park, CA, Michele F. Kyrouz, Latham & Watkins, LLP, San Francisco, CA, for Gary G. Drook.

Mark F. Marshall, Davenport, Evans, Hurwitz & Smith, Sioux Falls, SD, Morgan J. Miller, William F. Sullivan, Paul, Hastings, Janofsky & Walker, LLP, San Diego, CA, Grace A. Carter, John A. Reding, Jr., Paul, Hastings, Janofsky & Walker, LLP, San Francisco, CA, for Northwestern Capital Financing I, Northwestern Capitol Financing II, Northwestern Capitol Financing III.

Mark F. Marshall, Davenport, Evans, Hurwitz & Smith, Sioux Falls, SD, David R. Crosby, Elizabeth Kramer, Michael G. Taylor, Stephen M. Qinlivan, Leonard, Street & Deinard, PC, Minneapolis, MN, Edward Han, Paul, Hastings, Janofsky & Walker, LLP, San Francisco, CA, Grace A. Carter, John A. Reding, Jr., Paul, Hastings, Janofsky & Walker, LLP, San Francisco, CA, Morgan J. Miller, William F. Sullivan, Paul, Hastings, Janofsky & Walker, LLP, San Diego, CA, for David A. Monaghan.

Steven W. Sanford, Cadwell, Sanford, Deibert & Garry, LLP, Sioux Falls, SD, J. Christian Word, Latham & Watkins, Reston, VA, Michele F. Kyrouz, Latham & Watkins, LLP, San Francisco, CA, Paul H. Dawes, Latham & Watkins, LLP, Menlo Park, CA, for Randy G. Darcy, Jerry W. Johnson, Larry F. Ness, Bruce I. Smith.

Timothy R. Shattuck, Woods, Fuller, Shultz & Smith, Sioux Falls, SD, John A. Neuwirth, Joseph S. Allerhand, Miranda S. Schiller, Weil, Gotshal & Manges, LLP, New York, NY, for Morgan Stanley & Co., Inc., Credit Suisse First Boston Corp., UBS Warburg LLC, Merrill Lynch, Pierce, Fenner, and Smith, Inc., Salomin Smith Barney, Inc, Prudential Securities Inc., Prudential Financial, Inc.

Timothy R. Shattuck, Woods, Fuller, Shultz & Smith, Sioux Falls, SD, John A. Neuwirth, Joseph S. Allerhand, Weil, Gotshal & Manges, LLP, New York, NY, for Merrill Lynch & Co., Inc., Morgan Stanley.

Mark F. Marshall, Davenport, Evans, Hurwitz & Smith, Sioux Falls, SD, Grace A. Carter, John A. Reding, Jr., Paul, Hastings, Janofsky & Walker, LLP, San Francisco, CA, William F. Sullivan, Paul, Hastings, Janofsky & Walker, LLP, San Diego, CA, for Expanets, Inc., Blue Dot Services, Inc.

Thomas J. Welk, Christopher Wayne Madsen, Boyce, Greenfield, Pashby & Welk, LLP, Sioux Falls, SD, Stephen E. Hermann, Richards, Layton & Finger PA, Wilmington, DE, for Wilmington Trust Co.

David R. Crosby, Elizabeth Kramer, Michael G. Taylor, Stephen M. Qinlivan, Leonard, Street & Deinard, PC, Minneapolis, MN, for Kurt Whitesel.

Michael J. Schaffer, Schaffer Law Office, Prof. LLC, Sioux Falls, SD, David J. Goldsmith, Emily C. Komlossy, Jonathan M. Plasse, Goodking, Labatin, Rudoff & Sucharow, LLP, New York, NY, for Ariel Holding, LLC.

Todd D. Epp, Abourezk Law Offices, PC, Sioux Falls, SD, Ira M. Press, Kirby, McInerney & Squire, New York, NY, Lionel Z. Glancy, Glancy & Binkow, Los Angeles, CA, for Northwestern Capital Financing Investor Group.

Timothy J. Dougherty, Dougherty & Dougherty, Sioux Falls, SD, Brian Barry, Los Angeles, CA, Robert C. Susser, New York, NY, for James Sutton.

Timothy J. Dougherty, Dougherty & Dougherty, Sioux Falls, SD, Andrew L. Barroway, Darren J. Check, Stuart L. Berman, Schiffrin & Barroway, LLP, Bala Cynwyd, PA, for Davidson Group.

David L. Nadolski, Steven James Morgans, Lynn, Jackson, Shultz & Lebrun, Sioux Falls, SD, Douglas M. McKeige, Eitan Misulovin, Javier Bleichmar, Bernstein, Litowitz, Berger & Grossmann, New York, NY, Jay W. Eng, Michael J. Pucillo, Wendy H. Zoberman, Berman, Devalerio, Pease, Tabacco, Burt & Pucillo, West Palm Beach, FL, Jeffrey C. Block, Boston, MA, Joseph Tabacco, San Francisco, CA, for Fresno County Employees' Retirement Ass'n, Louisiana School Employees' Retirement Ass'n.

Ronald A. Parsons, Jr., Steven M. Johnson, Johnson, Heidepriem, Miner, Marlow & Janklow, Sioux Falls, SD, Joseph H. Weiss, Richard A. Acocelli, Weiss & Yourman Law Offices, Jules Brody, Stull, Stull & Brody, New York, NY, for Sanford & Beatrice Golman Family Trust.

Timothy J. Dougherty, Dougherty & Dougherty, Sioux Falls, SD, Thomas K. Wilka, Hagen, Wilka & Archer, P.C., Sioux Falls, SD, Curtis Trinko, New York, NY, Darren J. Robbins, William S. Lerach, Milberg, Weiss, Bershad, Hynes & Lerach, LLP, San Diego, CA, David Lavine, Dennis J. Herman, Patrick J. Coughlin, Reed R. Kathrein, Willow E. Radcliffe, Milberg, Weiss, Bershad, Hynes & Lerach, LLP, San Francisco, CA, David R. Scott, Michael A. Swick, Scott & Scott, LLC, Colchester, CT, Guri Ademi, Shpetim Ademi, Ademi & O'Reilly, LLP, Cudahy, WI, for Carpenters Pension Trust for Southern Cal.

Timothy J. Dougherty, Dougherty & Dougherty, Sioux Falls, SD, Thomas K. Wilka, Hagen, Wilka & Archer, P.C., Sioux Falls, SD, Arthur L. Shingler, III, Scott & Scott, LLC, San Diego, CA, Curtis Trinko, New York, NY, Darren J. Robbins, William S. Lerach, Milberg, Weiss, Bershad, Hynes & Lerach, LLP, San Diego, CA, David Lavine, Dennis J. Herman, Patrick J. Coughlin, Reed R. Kathrein, Willow E. Radcliffe, Milberg, Weiss, Bershad, Hynes & Lerach, LLP, San Francisco, CA, David R. Scott, Michael A. Swick, Scott & Scott, LLC, Colchester, CT, Guri Ademi, Shpetim Ademi, Ademi & O'Reilly, LLP, Cudahy, WI, for Oppenheim Investment Management, LLC, Richard C. Slump.

Timothy J. Dougherty, Dougherty & Dougherty, Sioux Falls, SD, Andrew L. Barroway, Darren J. Check, Stuart L. Berman, Schiffrin & Barroway, LLP, Marc A. Topaz, Schiffrin & Barroway, LLP, Bala Cynwyd, PA, for Thomas N. Davidson Thomas Coombe Melvin S. Cutler George Selby Thomas J. Gruenwald.


MEMORANDUM OPINION AND ORDER

PIERSOL, Chief Judge.

Pending before the Court is a Motion by the NorthWestern Capital Financing Investor Group for Reconsideration of the Court's June 12, 2003 Order, Doc. 63, appointing a Lead Plaintiff and counsel. The Lead Plaintiff, a group comprised of Carpenters Pension Trust for Southern California, Oppenheim Investment, LLC and Richard Slump (also referred to herein as...

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