LONG v. TRAINOR

Civ. A. No. 82-3624.

583 F.Supp. 1124 (1984)

Jesse P. LONG v. D. Bruce TRAINOR, et al.

United States District Court, E.D. Pennsylvania.

May 7, 1984.


Attorney(s) appearing for the Case

Sherrie R. Savett, Berger & Montague, P.C., Stuart H. Savett, Kohn, Savett, Marion & Graf, P.C., Philadelphia, Pa., for plaintiff.

Patrick W. Kittredge, Kittredge, Kaufman & Donley, Philadelphia, Pa., for defendants D. Bruce Trainor and Thomas F. Gill, Jr.

Jeffrey G. Weil, Dechert, Price & Rhoads, Philadelphia, Pa., for defendant Coopers & Lybrand.

Winston J. Churchill, Jr., Saul, Ewing, Remick & Saul, Philadelphia, Pa., for defendant Omni Exploration, Inc.

Irving R. Segal, Carl A. Solano, Schnader, Harrison, Segal & Lewis, Philadelphia, Pa., for defendant Merrill Lynch, Pierce, Fenner & Smith, Inc.

Scott D. Patterson, Saul, Ewing, Remick & Saul, Philadelphia, Pa., for defendants Vincent T. Dolan, C. Warren Trainor, John Raezer, David D. Gathman, Robert L. Hogarth, World Resources Corp., Omni Petroleum, Inc., and Omni Petroleum Co.


MEMORANDUM

LUONGO, Chief Judge.

This securities litigation was filed in August, 1982 by plaintiff seeking to represent approximately 4,700 persons1 who tendered their interests in several oil and gas programs or drilling partnerships pursuant to a 1981 Exchange Offer in return for shares of the common stock of Omni Exploration. Defendants are Omni Exploration; certain of its affiliates or subsidiaries; Merrill Lynch, Pierce,...

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