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IN RE TERRA-DRILL PARTNERSHIPS SECURITIES LIT.

Civ. A. No. H-86-3808.

726 F.Supp. 655 (1989)

In re TERRA-DRILL PARTNERSHIPS SECURITIES LITIGATION. Alan WESTHEIMER, et al., Plaintiffs, v. Herman FINESOD, et al., Defendants.

United States District Court, S.D. Texas, Houston Division.

December 8, 1989.

Attorney(s) appearing for the Case

Susman Godfrey, Houston, Tex. by William H. White, Richard Drubel, Karen Appel Oshman, for plaintiffs.

Porter & Clements, Houston, Tex., by Daniel K. Hedges, Richard O. Patterson, David L. Burgert, for defendant Laventhol & Horwath.

DECISION

MILTON POLLACK, Senior District Judge.*

A jury has found in this class action that the defendant, Laventhol & Horwath, is liable for damages by reason of violations of § 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), and Rule 10b-5 promulgated thereunder, 17 C.F.R. 240.10b-5, as well as for fraud in violation of the common law of Texas.

The complaint asserted claims against 30...

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