In re Royal Alliance Associates, Inc.

TRANSFER ORDER

KATHRYN H. VRATIL, Acting Chairman.

Before the Panel:* Pursuant to 28 U.S.C. § 1407, defendants in nine declaratory judgment actions seek centralization of this litigation, which is pending in four districts as listed on Schedule A, in the Eastern District of Pennsylvania. All cases now before us are nearly identical-Royal Alliance seeks to enjoin arbitrations before the Financial Industry Regulatory Authority (FINRA) regarding the alleged sale of unregistered securities (in the form of an international currency hedge fund known as the Draseena funds) to defendants by purported…