IN RE ADELPHIA COMMUNICATIONS CORPORATION SECURITIES AND DERIVATIVE LITIGATION.

No. 03 MD 1529(LMM).

398 F.Supp.2d 244 (2005)

In re ADELPHIA COMMUNICATIONS CORPORATION SECURITIES AND DERIVATIVE LITIGATION.

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

November 7, 2005.


Attorney(s) appearing for the Case

Lawrence P. Kohler, Wolf Haldenstein Adler Freeman & Herz LLP, Andrew Barroway, Schiffrin & Barroway, LLP, for plaintiffs The Wellsville Group and Proposed Class.

Lawrence G. McMichael, Dilworth, Paxson LLP, Philadelphia, PA, for defendants John J. Rigas, Michael J. Rigas, Timothy J. Rigas and James P. Rigas.


MEMORANDUM AND ORDER

McKENNA, District Judge.

I. Background

This action is part of a multi-district securities litigation pending before this Court. In re Adelphia Commc'ns Corp. Sec. and Derivative Litig., No. 03 MDL 1529.

In the instant case, the Wellsville Group has brought a securities fraud class action on behalf of itself and all stockholders of Adelphia Business Solutions, Inc. who purchased their securities...

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