Aggregates (Carolina), Inc. v. Kruse

OPINION AND ORDER

FUSTE, District Judge.

The underlying action in this case is for violations of the securities laws, RICO violations, and a host of related local law claims, all arising out of a series of interrelated corporate transactions. The complaint alleges damages of several million dollars. All indications point to the probability that the substantive claims will be disposed of by settlement. There is, however, a hitch. Defendant Prudential Bache Securities Inc., (“PruBache”), against whom plaintiffs are no longer seeking relief, and who has yet to file an answer or a summary judgment…