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In re Boise Cascade Securities Litigation

United States District Court for the District of Washington
420 F.Supp. 99 (1976)


Facts

Former shareholders in two companies (plaintiffs) acquired by Boise Cascade (Boise) brought five lawsuits against Boise, its officials, and its accountants (defendants) for securities violations. The cases were consolidated in the United States District Court for the District of Washington. The case presented highly complex questions regarding Boise’s financial practices. In the early stages of litigation, over 900,000 documents were produced. Trial is expected to last between four and six months. Boise moved to strike the plaintiffs demand for a jury trial. The issue before the district court is whether it may do so without violating the Seventh Amendment to the United States Constitution.

Rule of Law

The rule of law is the black letter law upon which the court rested its decision. To access this section, start your 7-day free trial of Quimbee for Law Students.

Issue

The issue section includes the dispositive legal issue in the case phrased as a question. To access this section, start your 7-day free trial of Quimbee for Law Students.

Holding and Reasoning (Sharp, J.)

The holding and reasoning section includes:

  • A “yes” or “no” answer to the question framed in the issue section;
  • A summary of the majority or plurality opinion, using the CREAC method; and
  • The procedural disposition (e.g. reversed and remanded, affirmed, etc.).

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