Bovee v. Coopers & Lybrand

Opinion and Order

SARGUS, District Judge.

This matter is before the Court on plaintiffs’ motion for class certification under Fed. R.Civ.P. 23(b)(3). Plaintiffs are investors' who purchased stock in Mid-American Waste Systems (“MAW”). Before its bankruptcy in January 1997, MAW was a publicly traded stock on the New York Stock Exchange. Plaintiffs bring this action against former executive officers of MAW — Christopher L. White, Dennis P. Wilburn, Richard A. Wid-ders, Jr., and R. Jay Roberts — and Coopers & Lybrand L.L.P., which performed accounting services for MAW. The second amended complaint…