IN RE GAS RECLAMATION, INC. SECURITIES LITIGATION

No. M21-41 (LBS), MDL No. 665 (LBS).

659 F.Supp. 493 (1987)

In re GAS RECLAMATION, INC. SECURITIES LITIGATION.

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

April 9, 1987.


Attorney(s) appearing for the Case

Geary, Stahl & Spencer, Dallas, Tex., for Allen Investors; Douglas M. Robison, of counsel.

Kantor, Davidoff, Wolfe, Rabbino & Kass, P.C., New York City, for Bard Investors; Robin Nelson Wolfe, William K. Sanders, of counsel.

Sylvor, Schneer, Gold & Morelli, New York City, for Abish Investors; Richard L. Gold, Iris S. Richman, of counsel.

Alvin A. Simon, Yonkers, N.Y., for Michael DeBlasio.

Hirsch & Westheimer, P.C., Houston, Tex., for Ditto and Clarke Investors, June E. Johnson, Fred Parks, and Allibone Investors; Joe C. Holzer, of counsel.

John W. Berkel, P.C., Houston, Tex., for Robert Hudson.

Cadwalader, Wickersham & Taft, New York City, for Intercontinental Monetary Corp., Richard H. Kelly, Edgar R. Eisner, and Laurance H. Friedman; Earl H. Nemser, Rosemary Byrne, of counsel.

Mark B. Brenner, New York City, Morris & Campbell, Houston, Tex., for Haas Securities, Robert A. Spira, Eugene K. Laff, Joe A. Clements, Edward Rotenbury, Don Reel, and G.A. Sumon; Kenneth M. Morris, John R. Knight, Houston, Tex., of counsel.

Owen & Fennell, New York City, for Connecticut Nat. Bank, Morris County Sav. Bank, Ensign Bank FSB, and Privatbanken A/S; Darrell K. Fennell, Robert Owen, of counsel.

Munves, Tanenhaus & Storch, New York City, Sutherland, Asbill & Brennan, Atlanta, Ga., for Financial Guar. Corp. and A. Emmett Barnes IV; Steven G. Storch, New York City, John Chandler, Atlanta, Ga., of counsel.

Adler, Hindy, Turner, Glasser & Weiss, New York City, for Austin Davenport Associates, Inc., Hugh Bell, Howard Reifer, James J. Callahan, and Management Consulting Group, Inc.; Theodore G. Eppenstein, Lawrence B. Carlson, of counsel.

Finley, Kumble, Wagner, Heine, Underberg, Manley, Myerson & Casey, New York City, for Northwestern Nat. Ins. Co. of Milwaukee, Wis.; Gregor F. Gregorich, Clifford R. Saffron, of counsel.

Cahill, Gordon & Reindel, New York City, for Peat, Marwick, Mitchell & Co.; George Wailand, Kevin J. McKenna, of counsel.

Howard B. Butler, Jr., Houston, Tex., for Gas Reclamation, Inc., G. Hugh Bradbury, Gordon D. Lewis, M.D., Harrison A. Storms, Jr., Michael A.S. Makris, and Bob L. Jordan.


SAND, District Judge.

I. FACTS AND PARTIES TO THIS LITIGATION

This proceeding, which consists of at least ten separate lawsuits and approximately eighty plaintiffs and fifty defendants, comes before us for purposes of all pretrial matters pursuant to 28 U.S.C. § 1407 (1982) and an Order of the Judicial Panel on Multidistrict Litigation. Following transfer to this Court, plaintiffs filed a Consolidated Complaint and an Amended Consolidated Complaint...

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