STRATMORE v. COMBS

Nos. C-86-0379-CAL, C-86-1692-CAL, C-86-3474-CAL, C-86-3673-CAL, C-86-3829-CAL, C-86-4129-CAL, C-86-6453-CAL, C-87-0228-CAL, C-87-1129-CAL, C-87-6038-CAL, C-88-0451-CAL, C-88-2577-CAL, C-88-3175-CAL, C-89-1342-CAL and C-89-1915-CAL. MDL No. 710.

723 F.Supp. 458 (1989)

Robert D. STRATMORE, Plaintiff, v. Leslie COMBS II, et al., Defendants. George E. LAYMAN, et al., Plaintiffs, v. Brownell COMBS II, et al., Defendants. H. James GRIGGS, Plaintiff, v. Brownell COMBS II, et al., Defendants. Zenya YOSHIDA, Plaintiff, v. Brownell COMBS II, et al., Defendants. Fred L. FREDERICKS, Plaintiff, v. Brownell COMBS II, et al., Defendants. John S. McGONIGLE, Plaintiff, v. Leslie COMBS II, et al., Defendants. CENTRAL BANK AND TRUST COMPANY, Plaintiff, v. John F. McGONIGLE, et al., Defendants. HAMILTON PARTNERS, et al., Plaintiffs, v. Leslie COMBS II, et al., Defendants. Blas R. CASARES, Plaintiff, v. Brownell COMBS II, et al., Defendants. Richard D. SCHULTZ, Plaintiff, v. Leslie COMBS II, et al., Defendants. SPENDTHRIFT FARM, INC., Plaintiff, v. John F. McGONIGLE, et al., Defendants. CONTINENTAL CASUALTY COMPANY, Plaintiff, v. Frank L. BRYANT, et al., Defendants. Richard D. SCHULTZ, Plaintiff, v. Bateman EICHLER, et al., Defendants. Russell E. CARLISLE, Plaintiff, v. SPENDTHRIFT FARM, INC., Defendant. NORTHWOOD THOROUGHBRED INVESTORS, et al., Plaintiffs, v. Charles R. HEMBREE, Defendant.

United States District Court, N.D. California.

September 28, 1989.


Attorney(s) appearing for the Case

Vaughn R. Walker, Pillsbury, Madison & Sutro, San Francisco, Cal., and Stephen M. O'Brien III, Landrum, Shouse & Patterson, Lexington, Ky., for George E. Layman, et al., H. James Griggs and Zenya Yoshida.

John I. Alioto, Alioto & Alioto, San Francisco, Cal., for Robert D. Stratmore and John F. McGonigle.

Thomas E. Kotoske, Palo Alto, Cal., for Frederick L. Fredericks and Richard D. Schultz.

Kay S. Kuns, Santa Ynez, Cal., for Frederick L. Fredericks.

Richard M. Trautwein, Barnett & Alagia, Louisville, Ky., for Blas R. Casares.

Timothy L. Bouscaren, Benesch, Friedlander, Coplan & Aronoff, Cincinnati, Ohio, for Hamilton Partners.

Richard D. Rogovin and Robert D. Jacobs, Bricker & Eckler, Columbus, Ohio, for Richard D. Schultz.

Curt H. Mueller, Cooley, Godward, Castro, Huddleston & Tatum, San Francisco, Cal., and Lawrence Pedley, Pedley, Ross, Zielke & Gordinier, Louisville, Ky., for Brownell Combs, II.

Richard Haas, Lasky, Haas, Cohler & Munter, San Francisco, Cal., for Leslie Combs, II.

Boake Christense, McCutchen, Doyle, Brown & Enersen, San Francisco, Cal., and Jack G. Jones, Jr., Wyatt, Tarrant & Combs, Lexington, Ky., for Richard F. Broadbent, III and Bloodstock Research and Statistical Bureau.

Steven M. Umin, Williams & Connolly, Washington, D.C., for Bloodstock Research Information Services, Inc.

M. Laurence Popofsky, Heller, Ehrman, White & McAuliffe, San Francisco, Cal., for Charles R. Hembree and Kincaid, Wilson, Schaeffer & Hembree, P.S.C.

Ann G. Daniels and, Jerome I. Braun, Farella, Braun & Martel, San Francisco, Cal., for Spendthrift Farm, Inc. and Central Bank & Trust of Lexington.

Thomas K. Bourke, Riordan & McKinzie, Los Angeles, Cal., for Frank L. Bryant.

James E. Burns, Jr., Brobeck, Phleger & Harrison, San Francisco, Cal., for Bateman Eichler, Hill Richards, Inc. and Robert J. McGuinness.

Garth Guy, Columbus, Ohio, in pro. per.

Robert C. Vanderet, O'Melveny & Myers, Los Angeles, Cal., for Gibson, Dunn & Crutcher.


OPINION AND ORDER

LEGGE, District Judge.

These consolidated cases arose from the sale of securities of Spendthrift Farms, Inc. by certain defendants to plaintiffs in a private placement transaction. The complaints asserted claims under the federal securities laws, state securities laws, and common law. After extensive pretrial and trial proceedings, summary judgments or directed verdicts were granted in favor of some defendants, and the jury found in favor...

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