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IN RE PENN CENTRAL SECURITIES LITIGATION

M.D.L. Docket No. 56. Civ. A. Nos. 70-2005, 70-2010, 70-2137, 70-2320, 70-2505, 70-2596, 70-2696, 70-2818, 70-2933, 71-265 to 71-268, 71-277, 71-278, 71-280, 71-476, 71-971.

347 F.Supp. 1327 (1972)

In re PENN CENTRAL SECURITIES LITIGATION.

United States District Court, E. D. Pennsylvania.

August 7, 1972.

Attorney(s) appearing for the Case

David Berger, Gerald J. Rodos, Philadelphia, Pa., Alfred S. Julien, Stanley Nemser, New York City, for plaintiffs.

Lewis H. Van Dusen, Jr., Raymond K. Denworth, Jr., Joseph W. Swain, Jr., John S. Estey, Henry T. Reath, and Thomas Raeburn White, Jr., Philadelphia, Pa., for defendants.

Mahlon F. Perkins, Jr., Donovan, Leisure, Newton & Irvine, New York City, for defendants Rabe, Routh and Taylor.

Edwin P. Rome, Morris L. Weisberg, Norman L. Holmes, Philip C. Patterson, Blank, Rome, Klaus & Comisky, and Robert W. Blanchette, Philadelphia, Pa., for Trustees of Property of Penn Cent. Transp. Co.

OPINION AND ORDER

JOSEPH S. LORD, III, Chief Judge.

Plaintiffs, present and former shareholders of Penn Central Company, move pursuant to F.R.Civ.P. 23 for an order declaring that the eighteen above-captioned actions may be maintained as class actions. Defendants1 cross-petition for partial summary judgment in fourteen of the actions on the grounds that (1) the proposed class includes persons who have no cause of action under...

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