Legal Opinion

In Re Penn Central Securities Litigation

United States Judicial Panel on Multidistrict Litigation

Decided April 9, 1971No. 56PublishedCited by 12 opinions

1Opinion of the Court

OPINION AND ORDER

2Per curiam

On January 25, 1971, the Panel considered seventeen actions involving alleged securities law violations growing out of the financial difficulties of the Penn Central Transportation Company and ordered that coordinated or consolidated pretrial proceedings be held in the Eastern District of Pennsylvania pursuant to section 1407. In re Penn Central Securities Litigation, 322 F.Supp. 1021 (Jud.Pan.Mult.Lit., 1971). The fifteen cases now before us came to the attention of the Panel thereafter and were conditionally transferred to the Eastern District of Pennsylvania for section…

3Cases cited2 opinions

  1. In Re Multidistrict Civil Antitrust Actions Involving Antibiotic DrugsUnited States Judicial Panel on Multidistrict Litigation · 1970
  2. In Re Penn Central Securities LitigationUnited States Judicial Panel on Multidistrict Litigation · 1971

4Cited by12 opinions

  1. In Re Equity Funding Corp. of America Securities LitigationUnited States Judicial Panel on Multidistrict Litigation · 1974
  2. University Hill Foundation v. Goldman, Sachs & Co.District Court, S.D. New York · 1976
  3. In Re Penn Central Securities LitigationUnited States Judicial Panel on Multidistrict Litigation · 1971
  4. In Re Air Crash Disaster at Duarte, California on June 6, 1971United States Judicial Panel on Multidistrict Litigation · 1972
  5. Garber v. RandellDistrict Court, S.D. New York · 1973

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