IN RE McDONNELL DOUGLAS CORP. SEC. LITIGATION

No. MDL 448.

567 F.Supp. 126 (1983)

In re McDONNELL DOUGLAS CORPORATION SECURITIES LITIGATION. Robert A. EPSTEIN v. David ARNOLD, et al.

United States District Court, E.D. Missouri, E.D.

June 6, 1983.


Attorney(s) appearing for the Case

Sherrie R. Savett, Berger & Montague, Philadelphia, Pa., Lowey, Dannenberg & Knapp, New York City, for Robert A. Epstein.

Veryl L. Riddle, Bryan, Cave, McPheeters & McRoberts, St. Louis, Mo. and David M. Olasov, Stephen Fanning, John Deacon, Providence, R.I., for McDonnell Douglas Corp.

Robert M. Kornreich, Wolf, Popper, Ross, Wolf & Jones, New York City, for Morton Funk.

John C. Dods, Shook, Hardy & Bacon, Kansas City, Mo., Thomas W. Pearlman, Providence, R.I., Jerome W. Seigfreid, Louis J. Leonatti, Seigfreid, Runge, Leonatti & Pohlmeyer, Mexico, Mo., for Roger Pearlman.

Wolf, Popper, Ross, Wolf & Jones, New York City, for Epstein and Pearlman.

Jeffrey Barist, White & Case, New York City, Robert S. Allen, Lewis, Rice, Tucker, Allen & Chubb, St. Louis, Mo., for all defendants except Albert Redway, Jr., James McMillan, James McDonnell and Donald Douglas.


MEMORANDUM

HUNGATE, District Judge.

Plaintiff Epstein, together with the shareholder plaintiffs, allege two claims, as the Court has previously noted. The first is that the defendants failed to disclose to the investing public certain material adverse information relating to the business, finances, and operations of McDonnell Douglas Corporation (MDC), (hereinafter the nondisclosure claims). The second is that the individual defendants sold shares of MDC...

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