PACIFIC MUT. LIFE INS. v. FIRST REPUBLICBANK

Nos. 92-1662, 92-3375.

997 F.2d 39 (1993)

PACIFIC MUTUAL LIFE INSURANCE CO., Plaintiff-Appellant, v. FIRST REPUBLICBANK CORP., et al., Defendants-Appellees. TGX CORP., Plaintiff, v. Gloria Annette Turner SIMMONS, et al., Defendants-Appellants Cross-Appellees, v. GREENWICH INSURANCE COMPANY, et al., Defendants-Appellees Cross-Appellants. Gaylon D. SIMMONS, et al., Plaintiffs-Appellants Cross-Appellees, v. J.C. TEMPLETON, et al., Defendants-Appellees Cross-Appellants.

United States Court of Appeals, Fifth Circuit.

Rehearing Denied August 25, 1993.


Attorney(s) appearing for the Case

Stewart M. Weltman, Chicago, IL, for Pacific Mut. Life Ins. Co.

Scott R. McIntosh, Barbara C. Biddle, Atty., Appellate Staff, Civ.Div., Dept. of Justice, Washington, DC, for intervenor U.S. in both cases.

Hannah Berkowitz, James W.B. Benkard, Davis, Polk & Wardwell, New York City, James L. Truitt, Hutcheson & Grundy, Dallas, TX, for Morgan Stanley & Co.

Eldon Olson, Gen. Counsel, New York City, Jon N. Ekdahl, Chicago, IL, for amicus Anderson, et al.

Robert G. Cohen, Kathryn Oberly, Ernst & Young, New York City, Jonathan M. Hoff, Weil, Gotshal & Manges, New York City, Morton Lee Susman, Weil, Gotshal & Manges, Houston, TX, for Ernst & Young.

Ernest E. Figari, Jr., Donald Colleluori, Figari & Davenport, Dallas, TX, Theodore Gewertz, Robert B. Mazur, Claire D. Chappell, Wachtell, Lipton, Rosen & Katz, New York City, for Salomon Bros.

Marvin S. Sloman, Carrington, Coleman, Sloman & Blumenthal, Dallas, TX, William Norfolk, Theodore Edelman, Tariq Maudaya, Sullivan & Cromwell, New York City, for Goldman & Sachs.

Ewell E. Eagan, Jr., Willard H. Henson, Gordon, Arata, McCollam & Duplantis, F. Henri Lapeyre, Jr., Lapeyre, Terrell & Randazzo, New Orleans, LA, for Gaylon D. Simmons and Gloria Annette Turner.

Leslie E. Smith, Paul Gonson, Sol., S.E.C., Jacob H. Stillman, Associate Gen. Counsel, Washington, DC, for intervenor U.S. in No. 92-3375.

Dermot S. McGlinchey, James M. Garner, Martha M. Young, J. Forrest Hinton, McGlinchey, Stafford, Cellini & Lang, New Orleans, LA, for Greenwich Ins. Co., et al.

Leila D'Aquin, Harold B. Carter, Jr., Patrick O'Keefe, Stephen Williamson, Montgomery, Barnett, Brown, Read, Hammond & Mintz, New Orleans, LA, for J.C. Templeton, et al.

Julie E. Schwartz, Liskow & Lewis, New Orleans, LA, Donald C. Templin, Phillip Philbin, Haynes & Boone, Dallas, TX, for BDO Seidman.

Before POLITZ, Chief Judge, REAVLEY and BARKSDALE, Circuit Judges.


Rehearing Denied in No. 92-3375 August 25, 1993.

REAVLEY, Circuit Judge:

Plaintiffs who suffered dismissals in two separate securities-fraud cases asked the district courts to reinstate their claims under § 27A(b) of the Securities Exchange Act, 15 U.S.C. § 78aa-1(b), which Congress enacted in November 1991. The district courts denied these motions after holding that § 27A(b) violates the Constitution by disturbing final judgments and invading...

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