Scheurenbrand v. Wood Gundy Corp.

TJOFLAT, Chief Judge:

In this appeal, Wood Gundy Corp., a securities broker, questions some of the procedures utilized by the district court in litigating the claims of investors to whom it sold certain unregistered securities. We find no error in the district court’s conduct, and therefore affirm.

I

In November and December 1984, five Florida investors purchased units of limited partnership interest in the Los Angeles Union Building, Ltd. (the “Limited Partnership”), a California entity organized to renovate an office building in downtown Los An-geles. The investors (the plaintiffs in this…