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Legal Opinion

In Re Air West, Inc. Securities Litigation

United States Judicial Panel on Multidistrict Litigation

Decided November 12, 1974No. 177Published

1Opinion of the Court

OPINION AND ORDER

2Per curiam

This litigation emanates from the December 1968 acquisition of Air West, Inc. by Summa Corp., a successor to Hughes Tool Co. Plaintiffs in actions filed in the Northern District of California and the District of Nevada purport to represent a similar class of Air West shareholders and allege that the conduct of defendants in connection with the acquisition violated the federal securities laws. Additionally, an individual action containing similar allegations of securities laws violations has been filed in the District of Arizona. Certain defendants have moved to transfer these…

3Cases cited7 opinions

  1. In Re Plumbing Fixture CasesUnited States Judicial Panel on Multidistrict Litigation · 1968
  2. In Re Equity Funding Corp. of America Securities LitigationUnited States Judicial Panel on Multidistrict Litigation · 1974
  3. In Re Westec CorporationUnited States Judicial Panel on Multidistrict Litigation · 1969
  4. In Re Hotel Telephone Charge Antitrust LitigationUnited States Judicial Panel on Multidistrict Litigation · 1972
  5. In Re Seeburg-Commonwealth United Merger LitigationUnited States Judicial Panel on Multidistrict Litigation · 1973

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