Legal Opinion

In Re Sunrise Securities Litigation

District Court, E.D. Pennsylvania

Decided May 22, 1992No. MDL 655PublishedCited by 14 opinions

1Opinion of the Court

MEMORANDUM

O’NEILL, District Judge.

I. Background

Two groups of claims relating to Sunrise Savings and Loan Association of Florida have been consolidated for pretrial proceedings in this multidistrict litigation: claims brought under the Securities Exchange Act of 1934 and under state common law asserted by a class of Sunrise shareholders (the “Securities case”) and claims of breaches of fiduciary duties asserted by the Federal Deposit Insurance Corporation as manager of the FSLIC Resolution Fund 1 (the “Fiduciary Duty case”). 2 Many of the defendants have filed cross-claims against other…

2Cases cited81 opinions

  1. Conley v. GibsonSupreme Court of the United States · 1957
  2. Cort v. AshSupreme Court of the United States · 1975
  3. Basic Inc. v. LevinsonSupreme Court of the United States · 1988
  4. D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
  5. Herman & MacLean v. HuddlestonSupreme Court of the United States · 1983

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3Cited by14 opinions

  1. In re Cardiac Devices Qui Tam LitigationDistrict Court, D. Connecticut · 2004
  2. In Re Cendant Corp. Securities LitigationDistrict Court, D. New Jersey · 2001
  3. United States ex rel. Johnson v. Shell Oil Co.District Court, E.D. Texas · 1998
  4. Anthony Distributions, Inc. v. Miller Brewing Co.District Court, M.D. Florida · 1995
  5. Major Tours, Inc. v. ColorelDistrict Court, D. New Jersey · 2011

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