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IN RE TRANSOCEAN TENDER OFFER SECURITIES LIT.

MDL No. 223.

455 F.Supp. 999 (1978)

In re TRANSOCEAN TENDER OFFER SECURITIES LITIGATION.

United States District Court, N. D. Illinois, E. D.

August 7, 1978.

Attorney(s) appearing for the Case

Sheldon Oliensis, Allan M. Pepper, Steven J. Glassman, Edward A. Friedman, Kaye, Scholer, Fierman, Hays & Handler, New York City, for plaintiffs in New York Action.

Louis R. Koerner, Jr., Koerner & Lambert, New Orleans, La., for plaintiffs in Louisiana Action.

Alex Elson, Willard J. Lassers, Aaron S. Wolff, Elson, Lassers & Wolff, Arthur T. Susman, Arnold M. Flamm, Richard H. Prins, Flamm & Susman, Ltd., Chicago, Ill., for plaintiffs in Chicago Action.

Susan Getzendanner, Lead Counsel for defendants, Mayer, Brown & Platt, Chicago, Ill., for defendants Esmark, Vickers Energy Corporation and certain individual defendants.

Alan Schulman, Vinson & Elkins, Houston, Tex., for defendant TransOcean and certain individual defendants.

William K. Wilde, Bracewell & Patterson, Houston, Tex., for certain individual defendants.

John F. Cusack, Cusack & Cusack, Chicago, Ill., of counsel for certain individual defendants.

MEMORANDUM AND ORDER

ROBSON, Senior District Judge.

This cause is before the court on plaintiffs' motions for summary judgment on the issue of liability. For the reasons hereinafter stated, the motions will be granted in part and stricken in part.

BACKGROUND

The motions before the court concern the preclusive effect to be given to a decision of the Delaware Supreme Court under principles of collateral estoppel on the issue of liability...

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