LegalCaseDocs.com
shopping cart  
  |     
Search
 

 
New Visitors


 VeriSign Secure Site

 Get Adobe Reader

IN RE PHAR-MOR INC SECURITIES LITIGATION Click to find out why . . .



Keywords & Phrases
CaseNo: PMI60378, CourtName: CLASS ACTION CASES, UniqueCaseRef: LCD>PMI60378, State: PA Pennsylvania, Common Stock, Shares, Price, Eagle, Cash, Term Debt, Consolidated Financial Statements, Phar-mor Common Stock, Decrease, Income, Basis, Equity, Growth, Carson, Fund, Taxes, Assets, Shire, Robert, Trust, Excess, Company Sold, Cash Flows, Amortization, Operating, Expenses, Outstanding, Commitments, Liabilttles, Shareholders, Shapira, York, Monus, Finn, Phar-mot, Mitchell Goldsmith, Mor Common Stock, Remper Investors Fund, Jeanette, Casr, Pfi, District, Stanley, Walley, Jeffrey , ContentID: 120249898

Case Documents
1 1994-01-18 Government Exhibit # 3RD AMENDED COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 123501
83 pages
PDF
2 1992-10-13 COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 123503
30 pages
PDF
3 1991-08-30 AUDITOR REPORT
[ see first page and extracted highlights below  ] ItemID: 123502
20 pages
PDF
Total Documents: 3 documents , 133 pages
Price: $ 29.95


IVESLCD01 KGI0001
 
 

 Forgot your password?


1 . Government Exhibit # 3RD AMENDED COMPLAINT

EXTRACTED KEY WORDS
SHARES
FUND
EAGLE
EQUITY
GROWTH
SHIRE
ROBERT
TRUST
CARSON
PHAR-MOT
MITCHELL GOLDSMITH
MOR COMMON STOCK
REMPER INVESTORS FUND
JEANETTE
CASR
PFI
DISTRICT
STANLEY
WALLEY
JEFFREY
WORKERS PENSION FUND
GROWTH EQUITY FUND-A
AMERICAN
FUND GROWTH SERIES
LUMBERMENS MUTUAL CASUALTY
JOHN
WEISS
RICHARD
CLUBS
r / ,

                                                   IN  THE  UNITED  STATES  DISTRICT               
                                           FOR  THE  WESTERN                     DISTRICT          
                                                                                                   

                      IN  RE:       PHAK-MOR,  INC.                                                
                     SECURITIES         LITIGATION                                                 
                                                                           c                       
96
                                                                                              ;
                     IVAN  BOWEN,  II,              ROBERT  J.  CARR,                         1
                     VERNON  L.  CARSON,  MERLE  T.  CARSON,  )
                     ROBERT  24.  CHASE,             STEPHEN  M.
                     EHRLICHMAN,          ROBERT  J,  FRISBY,                                 ;
                     -RONALD  GOLDBERG,  CECILE  GUTBMAN,                                     )
                     HOWARD  D.  HIRSH  REVOCABLE  TRUST,
                     WALTER  JACOBSON,  DIANE  DYBSKY                                         ;
                     JACOBSON,  ROBERT  A.  JUDELSON,
                     EDWARD  L.  LEMBITZ               PROFIT  SHARING                        ;
                     PLAN,  MARC  LEVENSTEIN,                    ANGELA                       1
                   -  LEVENSTEIN,         MAURICE  SPORTING  GOODS,.)
                     INC.,        PROTECTIVE         INSURANCE  COMPANY,)
                     ROBERT  A.  RIESMAN,  JR.,  PHILIP                                       1
                     E.  ROLLHAUS,          JR.,  JEANETTEMmSHEA)
                     TRUST,  SPIEGEL,               INC.  SUPPLEMENTAL                        )
                     EMPLOYEE  RETIREMWT                      PLAN  FOR  THE                  )    
                     BENEFIT        OF  JOHN  J.  SHEA,             HELEN                     1
                     SHIRE,  JACK  SHIRE,  BERNARD  M.
 1.
,'l Y'  -, . .       SUSMAN  REXOCABLE-TRUST,                      GLEN  R.              -;
,- 'b .;,.T          TRAYLOR,  WION                LEAGUE  BOYS  h  GIRLS  )                       
        `i. ,'       CLUBS,  RICHARD  E.  WEISS,  JOHN  B.
                     B.  WHITTED,         JR.;       STEIN  ROE                               ;    
                     INVESTMENT         TRUST,  OLYMPUS  PRIVATE                              )
                     PLACEMENT  FUND,               L.P.,       VENCAP                        1    
                     HOLDINGS         [19871        PTE  LTD,  ODYSSEY                        )
                     PARTNERS,  L.P.,               KEMPER  TOTAL  RETURN)
                     FUND,  KEMPER  GROWTH  FUND,  KEMPER                                     1
                     RETIREMENT         FUND  -  SERIES  I,  KEMPER  )
                     RETIREMENT         FUND  -  SERIES  II,                     KEMPER)           
                     SMALL  CAPITALIZATION                     EQUITY  FUND,                  1
                     KEMPER  INVESTMENT                PORTFOLIOS                             1
                      -  GROWTH  PORTFOLIO,                   KEMPER  INVEST-                 )
                     MENT  PORTFOLIOS               -  TOTAL  RETURN                          )
                     PORTFOLIO,         KEMPER  INVESTORS  FUND  -  )
                     EQUITY  PORTFOLIO,                KEMBER  INVESTORS  )
                     FUND  -  TOTAL  RETURN  PORTFOLIO,                                       )
                     LUMBERMENS  MUTUAL  CASUALTY  COMPANY,)
SNIPPETS:
  • VERNON L. CARSON, MERLE T. CARSON,)
  • JACOBSON, ROBERT A. JUDELSON,
  • SHIRE, JACK SHIRE, BERNARD M. 1.
  • `i.,' CLUBS, RICHARD E. WEISS, JOHN B.
  • LUMBERMENS MUTUAL CASUALTY COMPANY,)
  • FUND GROWTH SERIES, AMERICAN
  • GROWTH EQUITY FUND-A OF THE COMMON 1
  • WORKERS PENSION FUND,
  • JEFFREY C. WALLEY, STANLEY CHEREL-)
  • The Jeanette M. Shea Trust purchased 600 shares of Phar$28 per share.
  • The Remper Investors Fund - Equity Porj;tfolio purchased
  • Mor common stock.
  • Mitchell Goldsmith, an individual, purchasedl,OOO shares
  • Eagle.
  • Phar-Mot;

  • 2 . COMPLAINT

    EXTRACTED KEY WORDS
    COMMON STOCK
    SHARES
    EAGLE
    PHAR-MOR COMMON STOCK
    DEFENDANTS
    SHAPIRA
    BUSINESS
    YORK
    MONUS
    FINN
    GROWTH
    CARSON
    DEFRAUD
    INCOME GROWTH
    MANAGEMENT
    TION
    UNDERWRITER
    LENDERS
    SAYING
    UNRAVEL
    BEGUN
    STORE SIZ
    DEEP-DISCOUNT DRUG SALES
    TAMARKIN COMPANY
    WONUS FAMILY BUSINESS
    HONUS
    PERSONAL TIES
    SHA IRA
    EXECUTIVE COMMITTEE
    
                                    IN  THE  UNITED  STATES  DISTRICT  COURT  :- ,- -
                                                                                                       
                    \              FOR  THE  NORTHERN  DISTRICT  OF  ILLINOIS                          
                                                      EASTERN  DIVISION                                
    
                                                                                                       
    IVAN  BOWEN,  II,  ROBERT  J.  CARR,                                                            
                                                                             1                         
    VERNON  L.  CARSON,  MERLE  T.  CARSON,  )
    ROBERT  M.  CHASE,  STEPHEN  M.
    EHRLICHMAN,                  ROBERT  J.  FRISBY,                         ;
    RONALD  GOLDBERG,  CECILE  GUTHMAN,                                      )
    HOWARD  D,  HIRSH  REVOCABLE  TRUST,                                     )               ,c,  q    
    WALTER  JACOBSON,  DIANE  DYBSKY                                         1               cr  & 
    JACOBSON,  ROBERT  A.  JUDELSON,                                         1                         
    EDWARD  L.  LEKBITZ  PROFIT  SHARING                                     )
    PLAN,  MARC  LEVENSTEIN,                         ANGELA                  1
    LEVENSTEIN,                  MAURICE  SPORTING  GOODS,)
    INC.,      PROTECTIVE  INSURANCE  COMPANY,)                                              
    ROBERT  A.  RIESHAN,  JR.,  PHILIP                                       1
    E.  ROLLHAUS,  JR.,  JEANETTEM.                                SHEA)                               
    TRUST,  SPIEGEL,  INC.  SUPPLEMENTAL                                     )
    EMPLOYEE  RETIRaENT                      PLAN  FOR  THE                  )             t,/yT!~,;f  
    BENEFIT  OF  JOHN  J.  SHEA,  HELEN                                      1
    SHIRE,       JACK  SHIRE,  BERNARD  M.                                   )
    SUSMAN  --REVOCABLE  TRUST,  GLEN  R.                                    1
    TRAYLOR,  UNION  LEAGUE  BOYS  &  GIRLS  )                                     No.
    CLUBS,  RICHARD  E.  WEISS,  JOHN  B.                                    )
    B.  WHITTED,  JR./STEIN                          ROE                     1     TRIAL  BY  JURY 
    INVESTMENT  TRUST,  OLYMPUS  PRIVATE                                     )
    PLACEMENT  FUND,  L.P.,                         VENCAP                   1
    HOLDINGS  (1987)  PTE  LTD,.  ODYSSEY                                    )
    PARTNERS,  L.P.,                 KEMPER  TOTAL  RETURN)
    FUND  ,.  KEMPER  GROWTH FUND,  KEMPER                                   )
    RETIREMENT  FUND  -  SERIES  I,-KEMPER                                   )
    RETIREMENT  FUND  -  SERIES  II,                              KEMPER)
    SMALL  CAPITALIZATION                      EQUITY  FUND,                 )
    KEMPER  INVESTMENT  PORTFOLIOS                                           1
    -  GROWTH  PORTFOLIO,  KEMPER  INVEST-  )
    MENT  PORTFOLIOS  -  TOTAL  RETURN                                       1
    PORTFOLIO,              KEMPER  INVESTORS  FUND  -  )
    EQUITY  PORTFOLIO,  KEMPER                         INVESTORS  )
    FUND  -  TOTAL  RETURN  PORTFOLIO,                                       1
    LUMBERMENS  MUTUAL  CASUALTY  COMPANY,)
    KEMPER  FINANCIAL                  SERVICES,,  INC.,                     )
    NEW  ECONOMY  FUND,  ANCHOR  PATHWAY                                     )
    FUND  GROWTH  SERIES,  AMERICAN                                          1
    VARIABLE        INSURANCE  SERIES  GROWTH                                )
    FUND,  ALBERT  H.  BITZER,                        JR.
    
    SNIPPETS:
  • VERNON L. CARSON, MERLE T. CARSON,) ROBERT M. CHASE, STEPHEN M.
  • GROWTH PORTFOLIO, KEMPER INVEST-)
  • shares of Phar-Mor common stock on October 23, 1991, at a price of $28 per share.
  • dated December 13, 1990, purchased 2,000 shares of Phar-Mor common stock on October 23, 1991,
  • New York, New York.
  • Eagle since 1968.
  • and served as Chairman of the Executive Committee of the
  • The business and personal ties between Honus and_Shapira
  • Eagle, purchased the Wonus family business, The Tamarkin Company,.
  • States in deep-discount drug sales volume, store siz and number of
  • had begun to unravel.
  • Shapira was also quoted on August 6, 1992, as saying that
  • by its lenders.
  • .EAGLE, MONUS, SHAPIRA, FINN, UNDERWRITER
  • DEFENDANTS AND THE DIRECTOR DEFENDANTS
  • tion for doing so;

  • 3 . AUDITOR REPORT

    EXTRACTED KEY WORDS
    CASH
    COMMON STOCK
    TERM DEBT
    CONSOLIDATED FINANCIAL STATEMENTS
    DECREASE
    INCOME
    BASIS
    TAXES
    ASSETS
    EXCESS
    COMPANY SOLD
    CASH FLOWS
    AMORTIZATION
    OPERATING
    EXPENSES
    OUTSTANDING
    COMMITMENTS
    LIABILTTLES
    EQUITY
    SHAREHOLDERS
    OBLIGATIONS
    TAX BENEFIT
    FEDERAL INCOME
    STATE TAXES
    UCOME TAXES
    PROMISSORY NOTES
    ISSUANCE
    STOCK OPTIONS
    SALE
    
          . .
    
    
    
    
    
                                                                          .
                                             ~RDRPENDENT  AUDITOR'S  REPORT
    
    
          The  Board  of  Directors                  and  Shareholders
          Phar-Mor,           Inc.:
                              We  have  audited                  e  accompanying                       
    s
          of  Phar-Mor,            Inc.  and                  %!I
                                                   Subs,$  'aries                       as  of  June 
          the  related           consolidated           statements                        of  income 
          and  cash  flows  for  each  of  the  three  fiscal                                          
          June  30,  1991.                 These  consolidated                          financial      
          responsibility                  of  the  Company's  management.                              
    o
          express         an  opinion           on  these  consolidated                              
    
    >     our  audits.                                                                      :
                              We  conducted          our  audits-in                        accordance  
          accepted           auditing         standards.              Those  standards                 
          and  perform            the  audit  to  obtain                   reasonable                  
    he
          financial           statements          are  free  of  material                             
          includes           examining,          on  a  test  basis,                       evidence    
          and  disclosures                 in  the  financial                    statements.           
          assessing           the  accounting               principles                    used  and 
          made  by  management,                  as  well  as  evaluating                             
    -
          ment  presentation.                    We  believe              that  our  audits            
          basis  for  our  opinion.
                              In  our  opinion,               the  consolidated                        
          referred           to  above  present               fairly,                   in  all 
          solidated           financial          position             of  Phar-Mor,                    
    f
          June  30,  1990  and  1991,  and  the  consolidated                                          
          tions         and  their          cash  flows         for  each  of  the  three  fiscal      
          period         ended  June  30,  1991,  in  conformity                                      
           accounting           principles.
    
    
    
           Pittsburgh,            Pennsylvania
           August  30,  1991
    
    SNIPPETS:
  • basis for our opinion.
  • LDABILITIES AND SHAREHOLDERS' EQUITY
  • Current liabilttles:
  • Current portfon of term debt and capital
  • Commitments
  • Common stock, authorized shares,
  • Costs and expenses:
  • CONSOUDAIED STATEMENTS OF CASH FLOik&'
  • Adjustments to reoondie net income to net cash used In operating
  • Amortization of d&t discount
  • Change in assets and liabilities decrease in:
  • Cash flows from investing activities:
  • NOTES TO CONSOLIDATED FINANCIAL STATEMENTS,
  • Balance outstanding
  • the Company Sold the asset6 of it6 distribution
  • lease term6 in excess of one year at June 30,
  • Excess proceeds from sale of
  • stock options for 590,000 shares via issuance of promissory notes in favor of the Company
  • Ucome Taxes:
  •    |