Giant Eagle of Delaware, Inc. v. Coopers & Lybrand

OPINION

ZIEGLER, Chief Judge.

Pending before the court is the motion of defendant, Coopers & Lybrand (“Coopers”), for summary judgement with respect to the claims asserted by plaintiffs, Giant Eagle of Delaware, Inc. (“GE Delaware”), Giant Eagle, Inc. (“Giant Eagle”), and six members of the Board of Directors of Phar-Mor, Inc. (“Phar-Mor”), namely, Gerald E. Chait, Stanley Moravitz, Irwin Porter, David S. Shapira, Farrell Rubenstein and Norman Weizenbaum (collectively referred to as “the PM Directors”).1

This action stems from the financial fraud that was perpetrated by certain officers of…