IN RE MUT. FUNDS. INV. LITIGATION

MDL No. 1586. Nos. 04-MD-15861, 04-928.

437 F.Supp.2d 444 (2006)

In re MUTUAL FUNDS INVESTMENT LITIGATION. In re Excelsior, Federated, Scudder and AMCAP. [Federated Sub-Track].

United States District Court, D. Maryland.

June 1, 2006.


Attorney(s) appearing for the Case

Brian Barry, Law Office of Brian Barry, Los Angeles, CA, Carol Valerie Gilden, Conor R. Crowley, Much, Shelist, Freed, Denenberg, Ament, & Rubenstein, P.C., Chicago, IL, Chet Barry Waldman, Wolf Popper LLP, Daniel P. Chiplock, Elizabeth H. Cronise, Steven E. Fineman, Lieff Cabraser Heimann and Bernstein LLP, David J. Bershad, Deborah Clark Weintraub, Kim E. Levy, Peter Edwards Seidman, Sr., Milberg Weiss Bershad and Schulman LLP, H. Adam Prussin, Stanley M. Grossman, Jeremy Alan Lieberman, Pomerantz Haudek Block Grossman and Gross LLP, Ira Michael Press, Kirby McInerney and Squire LLP, Klari Neuwelt, Law Office of Klari Neuwelt, Mark Carl Rifkin, Wolf Haldenstein Adler Freeman and Herz LLP, Thomas James McKenna, Gainey and McKenna, Timothy J. MacFall, Bernstein Liebhard and Lipshitz LLP, New York City, Denise Davis Schwartzman, Nicholas E. Chimicles, Timothy Newlyn Mathews, Chimicles and Tikellis LLP, Haverford, PA, Eric Lawrence Zagar, Schiffrin and Barroway LLP, Bala Cynwyd, PA, John Bucher Isbister, William C. Sammons, Tydings and Rosenberg LLP, Marshall N. Perkins, Charles J. Piven PA, Baltimore, MD, Richard M. Heimann, Lieff Cabraser Heimann and Bernstein, San Francisco, CA, Heather Marla Tashman, Schiffrin and Barroway LLP, Radnor, PA, Glen L. Abramson, Lawrence Deutsch, Berger and Montague, Philadelphia, PA, for Plaintiffs.

Colbart Birnet, L.P., Pro se.

Andrew Santo Tulumello, Mark A. Perry, Gibson Dunn and Crutcher LLP, Thomas Blaisdell Smith, Ropes and Gray LLP, Washington, DC, Breon S. Peace, Lewis J. Liman, Thomas J. Moloney, Cleary Gottlieb Steen & Hamilton LLP, Charles Evan Stewart, Brown Raysman Millstein Felder and Steiner LLP, Christopher P. Hall, John Michael Vassos, Todd Daniel Brody, Christopher P. Hall, Morgan Lewis and Bockius LLP, David Stanley Frankel, Gary Philip Naftalis, Stephen M. Sinaiko, Kramer Levin Naftalis and Frankel LLP, Eric David Gill, John F. Pritchard, Pillsbury Winthrop LLP, Kenneth M. Kramer, Shearman and Sterling LLP, Robert Hardy Pees, Akin Gump Strauss Hauer and Feld LLP, Carrie Allison Bassel, Milbank Tweed Hadley and McCloy LLP, Jeffrey T. Golenbock, Shawn Preston Ricardo, Golenbock Eiseman Assor Bell and Peskoe LLP, New York City, Christopher Paul Ende, James S. Dittmar, Stephen D. Poss, Goodwin Procter LLP, John D. Donovan, Jr., Ropes and Gray LLP, Boston, MA, Christopher MacNeil Murphy, McDermott Will and Emery, Chicago, IL, Eric Robert Maier, Gibson Dunn and Crutcher LLP, Los Angeles, CA, Nichole Michele Galvin, Price O. Gielen, Neuberger Quinn Gielen Rubin and Gibber PA, Baltimore, MD, Thomas Lee Allen, Reed Smith LLP, Pittsburgh, PA, for Defendants.


MEMORANDUM

BLAKE, District Judge.

In a memorandum opinion issued November 3, 2005, I deferred ruling on the class plaintiffs' claims against the "Outside Trustee" defendants under the Exchange Act of 1934.1 After consideration of the parties' arguments and supplemental memoranda, I will grant the defendants' motion to dismiss these remaining claims against the Outside Trustees.

To state a valid claim under §...

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