IN RE U.S. GRANT HOTEL ASSOC. LTD. SECURITIES LIT.

No. MDL 783. No. 87-1844 E (IEG).

740 F.Supp. 1460 (1990)

In re U.S. GRANT HOTEL ASSOCIATES, LTD. SECURITIES LITIGATION. This document relates to: Lubin v. Sybedon, No. 87-1844-E(IEG).

United States District Court, S.D. California.

February 1, 1990.


Attorney(s) appearing for the Case

Michael J. Aguirre, Patricia A. Meyer, Aguirre & Meyer, James C. Krause, Reniche & Krause, Terry Knoepp, Worley, Schwartz, Garfield & Rice, Joseph Ruff, Harrigan, Ruff, Ryder & Sbardellati, San Diego, Cal., for the Class.

John H. L'Estrange, Jr., William R. Nevitt, Jr., Wright & L'Estrange, San Diego, Cal., Stuart L. Kadison, Michael C. Kelley, Lori H. Dillman, Sidley & Austin, Los Angeles, Cal., for defendant Sybedon Corp., Edwin J. Glickman, Bertram Lewis, and Mitchell Davis.

Alan E. Greenberg, Patricia E. Mundy, Lewis, D'Amato, Brisbois & Bisgaard, San Diego, Cal., Robert J. Perry, Perry & Windels, New York City, for defendant Nat. Union Fire Ins. Co. of Pittsburgh, Pa.

Michael J. Weaver, Victor A. Vilaplana, Sheppard, Mullin, Richter & Hampton, San Diego, Cal., for defendant Home Federal Sav. & Loan Ass'n.

Donald M. Wessling, Eugene P. Hanson, O'Melveny & Myers, Los Angeles, Cal., for defendant Prudential-Bache Securities and Prudential-Bache Properties.

Donald McGrath, II, John D. Hershberger, Baker & McKenzie, San Diego, Cal., for defendant CDS-Grant Associates, CDS Grant Corp., CDS Grant Management Co., Inc., CDS Lodging Properties, Inc., and Christopher D. Sickels:

Peter H. Benzian, Mark W. Smith, Latham & Watkins, San Diego, Cal., for defendant Laventhol & Horwath.

Charles S. Haughey, Jr., Kinkle, Rodiger & Spriggs, San Diego, Cal., for Wilrock Appraisal & Consulting, Inc.


MEMORANDUM DECISION

ENRIGHT, District Judge.

INTRODUCTION

This is a proposed class action for damages, injunctive relief, rescission, attorneys' fees and other relief brought by investor Robert Lubin and various other intervenors and proposed class representatives against a wide array of defendants who were involved in the restoration of the U.S. Grant Hotel ("Hotel") in San Diego. Plaintiffs allege generally that through material omissions defendants...

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