In re AMERICAN CONTINENTAL CORPORATION/LINCOLN SAVINGS AND LOAN SECURITIES LITIGATION.
Sarah B. SHIELDS, et al., Plaintiffs,
v.
Charles H. KEATING, Jr., et al., Defendants.
Charles ROBLE, et al., Plaintiffs,
v.
ARTHUR YOUNG & CO., et al., Defendants.
United States District Court, D. Arizona.https://leagle.com/images/logo.png
December 12, 1991.
December 12, 1991.
Attorney(s) appearing for the Case
Leonard B. Simon, Kevin P. Roddy, Milberg Weiss Bershad Specthrie & Lerach, San Diego, Cal., for Shields.
Joseph W. Cotchett, Susan Illston, Allan Steyer, Cotchett, Illston & Pitre, Burlingame, Cal., and Ronald Rus, Alvarado, Rus & Worcester, Orange, Cal., for First Baptist.
Clayton R. Janssen, Janssen, Malloy, Marchi, Needham & Morrison, Eureka, Cal., for Ralph H. Rankin and Dorothy L. Rankin.
William B. Hirsch, Lieff, Cabraser & Heimann, San Francisco, Cal., for Judith Sims.
P. John Owen, Kristin L. Farnen, Nancy L. Shelledy, J. Emmett Logan, Morrison & Hecker, Phoenix, Ariz., for plaintiff Resolution Trust Corp. and defendant Lincoln Sav. and Loan Ass'n.
Stuart L. Kadison, George W. McBurney, Sidley & Austin, Los Angeles, Cal., for Arthur Andersen & Co.
Miles N. Ruthberg, Meryl Macklin, Laurence Popfsky, Heller, Ehrman, White & McAuliffe, Los Angeles, Cal., for Arthur Young & Co., Ernst & Young and Jack Atchison.
Wayne W. Smith, Gail E. Lees, James Behrendt, Byron Wilder, Gibson, Dunn & Crutcher, Los Angeles, Cal., for Touche Ross & Co.
Dan K. Webb, Thomas J. Frederick, Winston & Strawn, Chicago, Ill., for Lexecon, Inc.
Laura B. Hoguet, Joan Morgan McGiver, White & Case, New York City, and C. Randolph Fishburn, Katherine T. Haracz, White & Case, Los Angeles, Cal., for Bankers Trust.
Richard Sander, Popham, Haik, Schnobrich & Kaufman, Ltd., Minneapolis, Minn., for Offerman & Co., Joseph Offerman and Scott Offerman.
Max Gillam, Brian Ropelle, Latham & Watkins, Los Angeles, Cal., for Jones, Day, Reavis & Pogue, William J. Schilling and Ronald Fein.
David J. Brown, Brobeck, Phleger & Harrison, San Francisco, Cal., for Indus. Indem. Corp.
Vincent E. Nowak, McKool Smith, Dallas, Tex., for Gene E. Phillips.
Henry C. Kasson, Taft, Stettinius & Hollister, Cincinnati, Ohio, for Star Bank, N.A., Cincinnati.
Steven M. Pincus, Lindquist & Vennum, Minneapolis, Minn., for First Bank Nat. Ass'n (formerly First Bank of Minneapolis).
Lisa Coulter, Snell & Wilmer, Phoenix, Ariz., for Troutman, Sanders, Lockerman & Ashmore.
Marvin G. Pickholz, Stroock & Stroock & Lavan, Washington, D.C., for Jack Atchison.
United States District Court, D. Arizona.
MEMORANDUM OPINION AND ORDER
BILBY, District Judge.
Under consideration are motions by Bankers Trust Company ("Bankers Trust") for summary judgment in two parallel consolidated class actions alleging securities fraud and racketeering under federal and state law. Class plaintiffs purchased securities issued by American Continental Corporation ("ACC"), parent company to Lincoln Savings and Loan Association ("Lincoln"). The ACC/Lincoln enterprise, headed by...
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