Legal Opinion

In Re U. S. Financial Securities Litigation

United States Judicial Panel on Multidistrict Litigation

Decided June 6, 1974No. 161PublishedCited by 12 opinions

1Opinion of the Court

OPINION AND ORDER

2Per curiam

This .litigation concerns the affairs of U. S. Financial, Inc., a multifaceted real estate company, and consists of ten private actions in five different districts. Plaintiffs allege that U. S. Financial and certain closely related companies and individuals violated the federal securities laws by furnishing false and misleading information about U. S. Financial to the investing public. Many of the actions contain requests for class designations on behalf of persons who purchased various types of U. S. Financial securities.

Certain defendants move the Panel for an order…

3Cases cited3 opinions

  1. In Re Air Crash Disaster at Fla. Everglades, Dec. 29, 1972United States Judicial Panel on Multidistrict Litigation · 1973
  2. In Re Air Crash Disaster Near Silver Plume, ColoradoUnited States Judicial Panel on Multidistrict Litigation · 1972
  3. In Re Clinton Oil Company Securities LitigationUnited States Judicial Panel on Multidistrict Litigation · 1973

4Cited by12 opinions

  1. In Re U. S. Financial Securities Litigation. Michael Fabrikant and Milton Binswanger v. Bache & Co., Basle Securities Corp., First National Bank of Toledo, Etc. v. R. H. Walter, J. B. Halverson, R. G. Steward, Mellon Bank, N. A., ("Mellon") v. U. S. Financial, Salmon Bros., Petition of Charles D. Prutzman, Jr. Petition of Union Bank. Petition of Touche Ross and Company. Petition of Angelo Adams. Petition of Brown, Wood, Ivey, Mitchell & Petty. Petition of Societe Generale De Banque, Rentinvest Colonial Growth Shares, Inc. v. Touche Ross & Co., Michael Fabrikant and Milton Binswanger v. Philip Hampton, Philip D. Reed, Michael Fabrikant and Milton Biswanger v. John Weinberg, Etc.Court of Appeals for the First Circuit · 1979
  2. Societe Generale De Banque v. Touche Ross & Co.District Court, S.D. California · 1975
  3. Fabrikant v. Bache & Co.Court of Appeals for the Ninth Circuit · 1979
  4. In Re Commonwealth Oil/Tesoro Petroleum Securities LitigationUnited States Judicial Panel on Multidistrict Litigation · 1978
  5. In re U. S. Financial Securities LitigationDistrict Court, S.D. California · 1977

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