In Re Transocean Tender Offer Securities Litigation

MEMORANDUM AND ORDER

ROBSON, Senior District Judge.

This cause is before the court on plaintiffs’ motions for summary judgment on the issue of liability. For the reasons hereinafter stated, the motions will be granted in part and stricken in part.

BACKGROUND

The motions before the court concern the preclusive effect to be given to a decision of the Delaware Supreme Court under principles of collateral estoppel on the issue of liability. Before addressing the motions, however, a review of the procedural history of this litigation is in order.

This litigation arises out of a tender offer made by…