IN RE DREXEL BURNHAM LAMBERT GROUP, INC.

Nos. 90 Civ. 6954 (MP), 90 B 10421 (FGC) and 88 Civ. 6209 (MP).

130 B.R. 910 (1991)

In re THE DREXEL BURNHAM LAMBERT GROUP, INC., et al., Debtors. SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. DREXEL BURNHAM LAMBERT INCORPORATED, the Drexel Burnham Lambert Group, Incorporated, et al., Defendants.

United States District Court, S.D. New York.

As Amended August 27, 1991.


Attorney(s) appearing for the Case

Peter R. Gruenberger, Weil Gotshal & Manges, New York City, for debtors.

Melvyn Weiss, Milberg Weiss Bershad Specthrie & Lerach, New York City, for Securities Litigation Claimants Group.

David Berger, Berger & Montague, Philadelphia, Pa., for plaintiffs, MDL 732 Co-Lead/Liaison Counsel.

Thomas D. Barr, Cravath Swaine & Moore, New York City, for FDIC.

Dennis J. O'Brien, Eckert Seamans Cherin & Mellot, Pittsburgh, Pa., for Liggett Group and Liquid Green Trust.

I. Walton Bader, Bader & Bader, White Plains, N.Y., for State of Fla. Pension Fund.

Alan R. Plutzik, David B. Gold, P.C., San Francisco, Cal., for plaintiffs William Fries, II, John Lippitt, Jacquelyn Tribolet.

Stanley Nemser, Wolf Popper Ross Wolf & Jones, New York City, for plaintiffs, MDL 732 Co-Lead/Liaison Counsel.

Richard Kirby, S.E.C., Washington, D.C.

David T. Eames, Bodian & Eames, New York City, for Citibank, Lloyds Bank, London Imperial Bank of Commerce.

David Eaton, Kirkland & Ellis, New York City, for National Bank for Yugoslavia.

William J. Brown, Phillips Lytle Hitchcock Blaine & Huber, New York City, for HongKongBank (London) Ltd. and William Nelson Harris.

Whitton E. Norris, III, Mintz Levin Cohn Ferris Glovsky and Popeo, P.C., Boston, Mass., for Hart Holding Co., and Reeves Industry, Inc.

Edward Griffith, Katten Muchin & Zavis, New York City, for American Intern. Group.

Alan Kornberg, Paul Weiss Rifkind Wharton & Garrison, New York City, for Michael Milken.

William Leighton, pro se.


DECISION CONSOLIDATED FINDINGS OF FACT AND CONCLUSIONS OF LAW [OJ]

MILTON POLLACK, Senior District Judge.

FRANCIS G. CONRAD, Bankruptcy Judge.

FINDINGS OF FACT

I.

1. By Order dated May 10, 1991, this Court certified temporarily, and for settlement purposes only, a mandatory non-opt-out class of all securities litigation claimants (the "Mandatory Class") and two mandatory, non-opt-out subclasses (the "Mandatory Subclasses"), pursuant...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases