ACHTMAN v. KIRBY, McINERNEY & SQUIRE, LLP

No. 02 Civ.9913 JES.

336 F.Supp.2d 336 (2004)

Joseph ACHTMAN, Shirley Achtman, Blair Ambach, Theodore Andreozzi, Sondra Baer-Miller for the Estate of Jenny Baer, Sandy Berkowitz, Joseph Berlinger, Elissa Berlinger, Gustave Birnberg, Faith Birnberg, George Cagen, Yvette Cohen, Selma Dauber, Martin Dauber, Isabel Ezersky, Paul Ezersky, Dorothy Feigenbaum, Richard Flynn, Individually, and Richard Flynn for the Estate of Herbert Flynn, Dorothy Gaston, Erwin Gaston, Gunther Glaser, Grace Gluck, Saul Gluck, Rona Greenberg, Bernard Greenberg, Brian Henry, Albert Hodes, Arnold Jacobs, Hagop Jamgochian, Shamiram Jamgochian, Harry Kaiserman, Lawrence Kessler, Carl Kevorkian, Linda Tabris for the Estate of Bernice Kramer, Frederick Kroll, William Lenney, Sylvia Levine, Sidney Levine, Doris Levy, Lawrence Lindy, Anthony Longo, Joseph Longo, Harry Mandelbaum, Blanche Mandelbaum, Henry Medvin, Selma Medvin, Carol Peyser, Harvey Pfau, Renee Pfau, Hyman Rock, Phillip Ross, Barbara Schildcrout, Lloyd Schildcrout, Albert Sheridan, Eleanor Silverstein, Stanley Singer, Joe Singer, Kenneth Smith, Harold Sommers, Melvin Spencer, Ben Spencer, Russell Stott, Anne Stott, Paul Trusik, Harriet Wallshein, S. Joseph Wallshein, John Weidemeyer, Eleanor Weidemeyer, Harry Weinstein, Edith Weinstein, Elaine Zinberg, Genia Zwirn, David Zwirn, and other John Does, Plaintiffs, v. KIRBY, MCINERNEY & SQUIRE, LLP and Bernstein, Litowitz, Berger & Grossmann, LLP, Defendants.

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

September 21, 2004.


Attorney(s) appearing for the Case

Dijoseph & Portegello, P.C. (Arnold E. Dijoseph, III, of counsel), New York City, for Plaintiffs.

Solomon, Zauderer, Ellenhorn, Frischer & Sharp (Bertrand C. Sellier, of counsel), New York City, for Defendants.


MEMORANDUM ORDER AND OPINION

SPRIZZO, District Judge.

Plaintiffs, members of a class of purchasers of Bennett Funding Group securities in In re Bennett Funding Group, Inc. Securities Litigation, 96 Civ. 2583(JES) ("the underlying action"), bring this legal malpractice proposed class action against the firms representing them as co-lead class counsel, Kirby, McInerney & Squire, LLP and Bernstein, Litowitz, Berger & Grossman, LLP ("defendants...

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