McGOWAN INVESTORS LP, et al., Plaintiffs,
v.
Meyer S. FRUCHER, et al., Defendants.
United States District Court, E.D. Pennsylvania.https://leagle.com/images/logo.png
March 31, 2007.
March 31, 2007.
Attorney(s) appearing for the Case
Steven B. Mirow, Peter J. Scuderi, Philadelphia, PA, for Plaintiffs.
Stephen J. Kastenberg, Adam M. Finkelstein, Paul Lantieri, III, Ballard Spahr Andrews & Ingersoll, L.L.P., C. Clark Hodgson, Jr., Leslie Miller Greenspan, William E. Mahoney, Jr., Stradley, Ronon, Stevens & Young, LLP, Jack L. Gruenstein, Kathleen M. Nagle, Peter F. Vaira, Vaira & Riley, PC, Gregory J. Hauck, Michael David Epstein, Montgomery McCracken Walker & Rhoads LLP, Charles Paul Scheuritzel, Justin K. Miller, Skye Louise MacDonald, Marvin Larsson Henkin & Scheuritzel, Philadelphia, PA, Jay B. Kasner, Joanne Gaboriault, Skadden, Arps, Slate, Meagher & Flom, LLP, David E. Mollon, Winston & Strawn, LLP, Dennis E. Glazer, Frances E. Bivens, John B. Gaffney, Davis Polk & Wardwell, Robert Hora, Scott A. Edelman, Stacey J. Rappaport, Milbank, Tweed, Hadley & McCloy, LLP, Brad S. Karp, Eric S. Goldstein, Philip G. Barber, Paul, Weiss, Rifkind, Wharton & Garrison, LLP, Adam Hakki, Shearman & Sterling, LLP, New York City, Paul J. Lockwood, Skadden, Arps, Slate, Meagher & Flom, Wilmington, DE, Kristen V. Grisius, Stephen J. Senderowitz, Winston & Strawn, LPP, Chicago, IL, for Defendants.
United States District Court, E.D. Pennsylvania.
OPINION
ANITA B. BRODY, District Judge.
The Philadelphia Stock Exchange (PHLX, or "the Exchange") converted from a mutual organization into a private stock corporation in a process called demutualization. Plaintiffs are former seat owners of the mutual Philadelphia Stock Exchange who became shareholders in the corporation after demutualization. They bring this securities fraud class action for equitable relief and money damages under rule 10b-5 and...
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