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Legal Opinion

In Re Ascot Oils, Inc. Securities Litigation

United States Judicial Panel on Multidistrict Litigation

Decided June 17, 1977No. 281PublishedCited by 5 opinions

1Opinion of the Court

OPINION AND ORDER

2Per curiam

On February 27, 1976, the Securities and Exchange Commission (SEC) filed an action in the Western District of Louisiana against Ascot Oils, Inc., four related corporations, and fourteen officers and employees of the various corporations. The SEC charges that the defendants violated the registration and antifraud provisions of the federal securities laws concerning the offer and sale of fractional undivided working interests in oil and gas leases.

Subsequently, two related actions were brought by private litigants in two federal districts: one each in the Eastern District of…

3Cases cited3 opinions

  1. In Re Multidistrict Civil Antitrust Actions Involving the Distribution of Scotch WhiskeyUnited States Judicial Panel on Multidistrict Litigation · 1969
  2. In re Celotex Corp.United States Judicial Panel on Multidistrict Litigation · 1975
  3. In Re Caesar's Palace Securities LitigationUnited States Judicial Panel on Multidistrict Litigation · 1974

4Cited by5 opinions

  1. In Re the Department of Energy Stripper Well Exemption LitigationUnited States Judicial Panel on Multidistrict Litigation · 1979
  2. In Re First Nat. Bank, Heavener, Okl., Etc.United States Judicial Panel on Multidistrict Litigation · 1978
  3. In Re Vernitron Securities LitigationUnited States Judicial Panel on Multidistrict Litigation · 1978
  4. In Re New York City Municipal Securities LitigationUnited States Judicial Panel on Multidistrict Litigation · 1977
  5. In re Sunshine Mining Co. Securities LitigationUnited States Judicial Panel on Multidistrict Litigation · 1978

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