In re Towers Financial Corp. Noteholders Litigation
District Court, S.D. New York
1Opinion of the Court
MEMORANDUM AND ORDER
WHITMAN KNAPP, Senior District Judge.
On November 25, 1997, Magistrate Judge Andrew J. Peck issued a Report and Recommendation (“the Report”) recommending that we grant plaintiffs’ uncontested motion to certify, as an “opt-out” class, a class defined as all persons who purchased Towers Financial Corporation Notes between February 15, 1989 and February 9, 1993 against the remaining defendants in this action. No objections have been filed.
Finding the Report reasonable, we adopt it in its entirety. Accordingly, plaintiffs’ motion is granted; an “opt-out” class as set forth in…
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