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IN RE UNION CARBIDE CLASS ACTION SECURITIES

No. 84 Civ. 8929 (JFK).

648 F.Supp. 1322 (1986)

In re UNION CARBIDE CLASS ACTION SECURITIES LITIGATION. This Document Relates to All Class Actions.

United States District Court, S.D. New York.

November 25, 1986.

Attorney(s) appearing for the Case

Goodkind, Wechsler, Labaton & Rudoff, Plaintiffs' Liaison Counsel (Edward Labaton, of counsel), Wolf Popper Ross Wolf & Jones, Abbey & Ellis, New York City, Berger & Montague, Philadelphia, Pa., Gene Mesh Co., L.P.A., Cincinnati, Ohio, Law Offices of Joseph H. Weiss, New York City, for plaintiffs.

Cahill Gordon & Reindel (Denis McInerney, P.C., of counsel), New York City, for defendants.

OPINION and ORDER

KEENAN, District Judge:

I. BACKGROUND

This securities fraud class action arises out of the worst industrial accident in history, the gas leak at Union Carbide India Limited's (hereinafter referred to as "UCIL") plant in Bhopal, India. During the night of December 2-3, 1984, a leak of methyl isocyanate (MIC), a toxic chemical used in the production of pesticides, resulted in the death of at least 2,100 people with over 200,000...

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