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GABRIELSEN v. BANCTEXAS GROUP, INC.

Civ. A. No. CA3-85-2275-D.

675 F.Supp. 367 (1987)

Arnold GABRIELSEN and Benzion Koenig, Plaintiffs, v. BANCTEXAS GROUP, INC., Edward C. Nash, Jr., Michael G. Boswell, H. Glenn Butler, Charles Lee Davis, David Donosky, Jack D. Knox, John Lawrence, Bernard Rapoport, John A. Schlensker, H.D. Stanley, Charlie Thomas, C. Huston Bell, Edward O. Boshell, Jr., L.D. Brinkman, Kenneth R. Terry, Wayne G. Wickman, and Robert W. Wortham, III, Defendants.

United States District Court, N.D. Texas, Dallas Division.

June 17, 1987.

Attorney(s) appearing for the Case

Dean Carlton, Dallas, Tex., for plaintiffs.

John L. Hauer, Robert E. Goodfriend, Robert B. Crotty, and Robert Elkin, of Akin Gump Strauss Hauer & Feld, Dallas, Tex., for defendants, BancTexas Group, Inc., et al.

James E. Coleman, Jr., Fletcher L. Yarbrough and Jeffrey S. Levinger, of Carrington Coleman Sloman & Blumenthal, Dallas, Tex., for defendant, Edward C. Nash, Jr.

MEMORANDUM OPINION AND ORDER

FITZWATER, District Judge.

Plaintiffs move to certify a class in this securities fraud action. The controlling question presented is whether plaintiffs have standing to assert their claims. Concluding that plaintiffs lack standing, the court dismisses the action.1

I.

BACKGROUND

Standing is a preliminary matter to be evaluated upon the allegations of the complaint. In...

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