SHEFTELMAN v. JONES

No. C84-0472A.

667 F.Supp. 859 (1987)

Dann S. SHEFTELMAN, et al. v. Allen O. JONES, et al.

United States District Court, N.D. Georgia, Atlanta Division.

July 16, 1987.


Attorney(s) appearing for the Case

John A. Howard, Andrew J. Hinton, Fortson & White, Harold Wilson Whiteman, Jr., Michael J. Gorby, Fain, Gorby, Reeves & Moraitakis, Atlanta, Ga., R. Bruce McNew, Nicholas E. Chimicles, Christopher T. Reyna, Greenfield, Chimicles & Lewis, Haverford, Pa., Richard H. Adams, Robert W. Anthony, Smathers, Pleus, Adams, Fassett & Divine, Orlando, Fla., for plaintiffs.

H. Sanders Carter, Jr., Carter, Ansley, Smith & McLendon, Atlanta, Ga., for Cobb & Cole.

Kirk M. McAlpin, Jr., Peter J. Anderson, Jr., Peterson, Young, Self & Asselin, Atlanta, Ga., for J. Milton Newton, Arch W. Roberts, R.C. Towne, Inc., Heritage Inv. Securities, Inc., Thomas F. White & Co., First Honolulu Securities, Inc., f/k/a Hyman Kowal & Co., First Heritage Corp., William Ceas & Co.

F. Carlton, King, Jr., Ford & Harrison, Atlanta, Ga., for R.W. McElroy, Arthur M. Rice, Jr.

William R. Lester, Gershon, Olim, Katz & Loeb, Atlanta, Ga., David L. McClenahan, Carolyn M. Branthoover, Kirkpatrick & Lockhart, Pittsburgh, Pa., for Mihai Marcu.

Emmet J. Bondurant, II, Bondurant, Mixson & Elmore, Atlanta, Ga., J. Vernon Patrick, Jr., J. Vernon Patrick, Jr. & Associates, P.C., Birmingham, Ala., for Holland & Knight.

J. Alexander Porter, Asbill, Porter, Churchill & Nellis, Atlanta, Ga., for Hereth, Orr & Jones, Finerock Corp., Jack Hereth.

William J. Cobb, H. Marshall Korschun, Kocher, Wilson, Korschun & Cobb, Atlanta, Ga., for Jack Hereth.

J. Kirk Quillian, Winifred D. Simpson, Troutman, Sanders, Lockerman & Ashmore, Atlanta, Ga., for Yankelovich, Skelly & White, Inc.

A. Timothy Jones, T. Ryan Mock, Jr., John D. Steel, Freeman & Hawkins, Atlanta, Ga., for Allen O. Jones, James E. Dorsey.

Robert W. Beynart, John L. Latham, Smith, Gambrell & Russell, Atlanta, Ga., for American Mun. Securities, Fischer, John, Allen & Burke, Inc., Henderson, Few & Co., Hertzfeld & Stern, Heyman-Cole Inv. Securities Corp., Marion Bass Securities Corp., Raymond, James & Associates, Richardson Greenshield Securities, Swink & Co., Inc., Wood Gundy Corp.

John T. Marshall, Thomas S. Richey, Powell, Goldstein, Frazer & Murphy, Atlanta, Ga., for James E. Dorsey, Arnall, Golden & Gregory.

Herbert P. Schlanger, Atlanta, Ga., for Royal Care Communities, Ltd., Royal Care Communities, Inc., Foundation Investors, Ltd., A.O. Jones & Co., Inc.

Richard K. Hines, V, John W. Winborne, III, Eric J. Spitler, Neely & Player, Atlanta, Ga., for National Union.

Richard P. McElroy, Alexander D. Bono, Blank, Rome, Comisky & McCauley, Philadelphia, Pa., Peyton S. Hawes, Jr., Cofer, Beauchamp & Hawes, Atlanta, Ga., Ian M. Comisky, Blank, Rome, Comisky, & McCauley, W. Palm Beach, Fla., for Laventhol & Horwath.

Jack H. Watson, Jr., Long, Aldridge & Norman, Atlanta, Ga., for Kutak, Rock & Huie.


ORDER

RICHARD C. FREEMAN, District Judge.

This securities fraud action is before the court on plaintiffs' motion for class certification. Fed.R.Civ.P. 23. Several parties oppose the motion.1 Before addressing the merits of the class certification motion, the court will discuss briefly the factual background of this action.

This litigation arises from an attempt to finance...

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