IN RE CORNERSTONE PROPANE PARTNERS, L.P. SEC.

No. C 03-2522 MHP.

416 F.Supp.2d 779 (2005)

In re CORNERSTONE PROPANE PARTNERS, L.P. SECURITIES LITIGATION

United States District Court, N.D. California.

July 5, 2005.


Attorney(s) appearing for the Case

Peter A. Bellacosa, Frank M. Holozubiec, Wendy E. Long, Galia Messika, Kirkland & Ellis LLP, New York, NY, James

Pooley, Pooley & Oliver LLP, Palo Alto, CA, Frank J. Riebli, Kirkland & Ellis LLP, San Francisco, CA, Anupam Sharma, Milbank Tweed Hadley & McCloy, Palo Alto, CA, for Cornerstone Propane Partners LP Defendant.

Stuart L. Berman, Darren J, Check, Schiffrin & Barroway, LLP, Radnor, PA, Jacob Goldberg, Schiffrin & Barroway, Bala Cynwyd, PA, Todd Mosser, Karen Reilly, Schiffrin & Barroway, LLP, Radnor, PA, for Gilbert H. Lamphere, Plaintiff.

Douglas Robert Boettge, Michael G. Taylor, Leonard, Street and Deinard P.A., Minneapolis, MN, Jahan P. Raissi, Shartsis Friese LLP, San Francisco, CA, for Daniel K. Newell, Merle D. Lewis, Defendants.

Willie C. Briscoe, Joe Kendall, Provost & Umphrey Law Firm, LLP, Dallas, TX, Gerald L. Rutledge, Alfred Glenn Yates, Jr., Law Offices of Alfred G. Yates, Jr., Pittsburgh, PA, for Santa Cruz Holding, Inc., Plaintiff.

Grace A. Carter, Paul, Hastings, Janofsky & Walker, San Francisco, CA, for Northwestern Corporation, Defendant.

John C. Dwyer, Cory E. Manning, Monique R. Sherman, Cooley Godward LLP, Palo Alto, CA, for Charles J. Kittrell, Keith G. Baxter, Richard D. Nye, Ronald J. Goedde, Williams L. Woods, Daniel K. Newell, Merle D. Lewis, Richard R. Hylland, Defendants.

Kimberly C. Epstein, Lerach Coughlin Stoia & Robbins LLP, San Francisco, CA, for Santa Cruz Holding, Inc., James J. Ryan, John Gallander, Plaintiffs.

Grant P. Fondo, Cooley Godward LLP, Palo Alto, CA, for Williams L. Woods, Charles J. Kittrell, Defendants.

Robert S. Green, Robert A. Jigarjian, Green Welling LLP, San Francisco, for Edward Erikson, Gilbert H. Lamphere, Plaintiffs.

David P. Pearson, Karl E. Robinson, Winthrop & Weinstein, P.A., Minneapolis, MN, Douglas A. Winthrop, Howard Rice Nemerovski Canady Falk & R, San Francisco, CA, for Richard R. Hylland, Defendant.

Katharine M. Ryan, Schiffrin & Barroway, LLP, Radnor, PA, for Santa Cruz Holding, Inc., Charles Broyles, Edward Erikson, Gilbert H. Lamphere, James J. Ryan, John Gallander, Lee R. Kunz, Plaintiffs.

Marc A. Topaz, Schiffrin & Barroway, LLP, Radnor, PA, for Edward Erikson, Plaintiff.


MEMORANDUM & ORDER

PATEL, District Judge.

Plaintiffs, a consolidated class led by Gilbert H. Lamphere, brought this action against defendants CornerStone Propane Partners L.P. ("CornerStone") and several of its top executives and directors ("individual defendants"), alleging that defendants violated sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The action against CornerStone has been stayed pending bankruptcy proceedings. The...

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