IN RE SMARTALK TELESERVICES, INC. SECURITIES LIT.

No. 2:00-MD-1315.

487 F.Supp.2d 940 (2007)

In re SMARTALK TELESERVICES, INC., SECURITIES LITIGATION. This document relates to: USDC Northern District of Texas Case No. 3:00-CV-2671-M (Liquidating Trustee).

United States District Court, S.D. Ohio, Eastern Division.

May 22, 2007.


Attorney(s) appearing for the Case

Maribeth Deavers, Isaac Brant Ledman & Teetor, Columbus, OH, Richard Stuart Wayne, Strauss & Troy, Cincinnati, OH, for Plaintiffs.

Helen J. Hodges, Jeffrey D. Light, Lerach Coughlin Storia Geller Rudman & Robbins LLP, San Diego, CA, Patrick J. Coughlin, Valerie L. McLaughlin, Milberg Weiss Bershad Hynes & Lerach LLP, San Francisco, CA, for Smartalk Plaintiffs Group.

Marilyn Ruth Donoff, M R Donoff and Associates, Dayton, OH, for Joseph T. Baptista, Jr.

Lionel Z. Glancy, Lionel Z. Glancy Law Offices, Los Angeles, CA, for Alison Mizraji.

Kevin P. Roddy, Milberg Weiss Bershad Hynes & Lerach, Los Angeles, CA, Stephen Richard Basser, Barrack Rodos & Bacine, William S. Lerach, Lerach Coughlin Storia Geller Rudman & Robbins LLP, San Diego, CA, for Sidney Weinstein.

Kurt B. Olsen, Klafter & Olsen LLP, Washington, DC, for Charles R. Ostroff.

James F. Koehler, Gallagher Sharp Fulton & Norman, Cleveland, OH, for Motty Gurary.

Richard S. Schiffrin, Schiffrin & Barroway LLP, Bala Cynwyd, PA, for Gerald Tobin.

Jeffrey H. Squire, Kaufman Malchman Kirby & Squire, New York City, for Patricia Bartolomeo.

Stanley M. Grossman, Pomerantz Haudek Block Grossman & Gross LLP, New York City, for David Jaroslawicz.

Robert N. Kaplan, Kaplan Kilsheimer & Fox, New York City, for David Turf and Lisa Ernst.

Roger Philip Sugarman, Kegler Brown Hill & Ritter, Columbus, OH, for Victor Grillo, Jr.

Daniel R. Karon, Weinstein Kitchenoff Scarlato Karon & Goldman Ltd., Cleveland, OH, for Lisa Ernst.

David C. Mattka, John W. Lilley, III, Phil C. Appenzeller, Jr., Munsch Hardt Kopf & Harr, PC, Terence Murphy, Jones Day Reavis & Pogue, Dallas, TX, Gregory D. May, Terence M. Murphy, for Official Committee of Unsecured Creditors.

J. Kevin Cogan, Jones Day, Columbus, OH, for Official Committee of Unsecured Creditors and Liquidating Trustee.

Charles R. Jaeger, Nicole M. Ryan, Heller Ehrman White & McAuliffe LLP, San Francisco, CA, David Stewart Cupps, John Joseph Kulewicz, Vorys Sater Seymour & Pease, Columbus, OH, Douglas M. Schwab, George Greer, Lori Lynn Phillips, Heller Ehrman White & McAuliffe LLP, Seattle, WA, John Stuart Tonkinson, William B. Dawson, Vinson & Elkins LLP, Dallas, TX, Lisa C. Wood, Foley Hoag LLP, Boston, MA, for PricewaterhouseCoopers LLP.

Thomas Leslie Long, Baker & Hostetler, Columbus, OH, for Smartalk Partners.

Kenneth A. Sweder, Sweder & Ross, Boston, MA.

Dennis Lee Pergram, Manos Martin Pergram & Dietz Co LPA, Delaware, OH.


OPINION AND ORDER # 4

SARGUS, District Judge.

This matter is before the Court for consideration of the Motion of Defendant PricewaterhouseCoopers, LLP for Summary Judgment on the Ground of Speculative Damages. (Doc. # 292). For the reasons that follow, the motion is denied.

I.

PwC seeks summary judgment on the Plaintiff Trustee's theory of damages on the basis that it is allegedly too speculative to support recovery. PwC takes issue...

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