In Re Melridge Securities Litigation
Published: Jun. 29, 1993 | Result Date: May 26, 1993 | Filing Date: Jan. 1, 1900 |Case number: CV871426FR – $88,000,000
Judge
Court
USDC Oregon
Attorneys
Plaintiff
Defendant
Experts
Plaintiff
John Torkelsen
(technical)
Donald E. Wharton
(technical)
Defendant
Charles D. Murphy
(technical)
Dan Fischel
(technical)
Facts
In October of 1983, Defendants George Heuelein, Gordon Flattum, and Gary Wood took charge of a lily bulb business, over stating its value in order to fraudulently sell stocks and bonds to Plaintiff investors. There were no financial controls, and the fraud continued until 1987. Heuelein absconded, Flattum is in prison, and Wood plead guilty to a tax charge.
Settlement Discussions
Offers and demands were not disclosed.
Damages
$88,000,000
Deliberation
3 days
Poll
7-0
Length
4 months
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