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To: Joseph Beltran who wrote (553)	3/1/1998 10:12:00 PM
From: rich evans	Respond to of 1250

Thanks to Bob and You for all the info. As a fellow lawyer I have read it with interest and will review my CLE books. I have sent an E-Mail to Mr. Glancy the class action attorney about the matter. Rich

To: Joseph Beltran who wrote (553)	3/1/1998 10:14:00 PM
From: Rob Preuss	Respond to of 1250

Nice website on securities class action suits! One item I gleaned from there (so far) tell me we're looking at about 2 years to settle the matter... +++ 9. Cases are taking longer to litigate and involve more pretrial motions practice. Before passage of the Reform Act the median time between filing and settlement in securities class actions was almost two years. It is too early to determine whether the Act will affect this statistic; however, early evidence suggests that pre-trial proceedings are taking longer. The increasing length of pre-trial procedures is a necessary consequence of the Act's procedural reforms. The early notification procedures, the lead plaintiff provision, and the discovery stay pending resolution of any motion to dismiss have all tended to build significant delays into pre-trial practice. Moreover, some courts appear to be moving quite deliberately in interpreting the Act's novel provisions, especially the new heightened pleading standard, which has also slowed prosecution of these cases. +++