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IN RE LONGHORN SECURITIES LITIGATION

MDL Docket No. 525. Nos. CIV-82-1415-E, CIV-82-1528-E, CIV-82-1529-E, CIV-82-1575-E, CIV-82-1679-E, CIV-82-1681-E, CIV-82-1898-E, CIV-82-2260-E to CIV-82-2262-E, CIV-82-2265-E to CIV-82-2267-E, CIV-82-2269-E to CIV-82-2288-E, CIV-82-2290-E to CIV-82-2303-E, CIV-83-247-E to CIV-83-249-E, CIV-83-251-E to CIV-83-256-E, CIV-83-272-E to CIV-83-277-E and CIV-83-373-E.

573 F.Supp. 278 (1983)

In re LONGHORN SECURITIES LITIGATION.

United States District Court, W.D. Oklahoma.

September 28, 1983.

Attorney(s) appearing for the Case

John C. McMurry, Oklahoma City, Okl. and H. Thomas Coghill, David J. Richman, Coghill & Goodspeed, Denver, Colo., for plaintiffs.

Murray E. Abowitz, Noma Gurich, Abowitz & Welch, G. Blaine Schwabe, III, Mock, Schwabe, Waldo, Elder, Reeves & Bryant, Oklahoma City, Okl., Charles C. Baker, Richard B. Noulles, Gable & Gotwals, Tulsa, Okl., McAfee & Taft, John N. Hermes, James Kirk, Kirk & Chaney, John Goodman, Charles C. Green, Harry A. Woods, Jr., Oklahoma City, Okl., for defendants.

ORDER

EUBANKS, Chief Judge.

The defendant Federal Deposit Insurance Corporation [hereinafter "FDIC"], as receiver for the failed Penn Square Bank, N.A., has moved to dismiss these consolidated actions based upon two independent grounds, failure to plead fraud with specificity as required by Federal Rule of Civil Procedure 9(b) and failure to state a claim upon which relief can be granted pursuant to Federal Rule 12(b)(6). Each ground is advanced separately...

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