NationsBank Corporation : Dean Witter U.S. Government Securities Trust

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Copyright (c) 2001
Stanford Law School

NationsBank Corporation : Dean Witter U.S. Government Securities Trust Conclusion: By the Order and Final Judgment, dated February 17, 1998, U.S. District Judge Steven D. Merryday certified the action as a class action and approved the settlement. The action was dismissed with prejudice, without costs to any party, and all defendants were released from all claims. The case was closed. However, according to the docket we have posted, an appeal was filed before the 11th Circuit Court of Appeals. The case was reopened on March 10, 2003, where an order granted a disbursement of $118,885.12 from the class settlement fund to certain plaintiffs. The case was finally closed on July 10, 2003.

On or around June 12, 1996, Judge Steven D. Merryday, ordered to consolidate all 1996 cases with the already consolidated 1994 case. All future papers were filed in with case 94-CV-995.

The suit sought certification as a class-action on behalf of all the customers who bought the Dean Witter U.S. Government Securities Trust from NationsBank's securities subsidiaries between March 25, 1993 and Nov. 15, 1994.

According to the complaint, investors (primarily NationsBank customers) were tricked and misled by commission and quota-driven bankers and brokers into purchasing shares of the Dean Witter U.S. Government Securities Trust.

This lawsuit alleges that NationsBank failed to disclose the risks of the fund, and blurred the distinction between bank products and securities products by using bank-like terms to describe the fund and that brokers working out of NationsBank offices sold the fund without explaining the interest rate risks and market risks of the fund to bank customers, and were trained to dodge direct questions about deposit insurance.

INDUSTRY CLASSIFICATION:
SIC Code: 6141
Sector: Financial
Industry: Misc. Financial Services

COMPANY/ISSUER NAME:	NationsBank Corporation
COMPANY/ISSUER TICKER:	DWD
COMPANY WEBSITE:	http://www.msdw.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Harold Brimacombe, et al. v. Dean Witter Discover, et al.

COURT: M.D. Florida	DOCKET NUMBER: 96-CV-593
JUDGE NAME: Hon. Steven D. Merryday
DATE FILED: 03/26/1996	SOURCE: Internet
CLASS PERIOD START: 03/26/1993	CLASS PERIOD END: 11/15/1994
TYPE OF COMPLAINT: Unamended/Unconsolidated
PLAINTIFF FIRMS IN THIS OR SIMILAR CASE:
Abbey Gardy & Squiteri LLP (San Francisco) 595 Market Street, Suite 2500, San Francisco, CA, 94105 (voice) 415.538.3725, (fax) , Alpert, Barker & Calcutt, P.A. 100 S. Ashley Dr., Tampa, FL, 33601-3270 (voice) 813.223.4131, (fax) , _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 2

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Class Action Complaint
Type: Complaint		Date on the document: 03/26/1996
Docket
Type: Docket		Date on the document: 04/14/1998

REFERENCE COMPLAINT

Demint, et al. v. Nationsbank, et al.

COURT: M.D. Florida	DOCKET NUMBER: 94-CV-00995
JUDGE NAME: Hon. Steven D. Merryday
DATE FILED: 07/11/1996	SOURCE: Business Wires
CLASS PERIOD START: 03/26/1993	CLASS PERIOD END: 11/15/1994
TYPE OF COMPLAINT: Consolidated and/or Amended
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Abbey Gardy & Squiteri LLP (San Francisco) 595 Market Street, Suite 2500, San Francisco, CA, 94105 (voice) 415.538.3725, (fax) , Barker, Rodems & Cook, PA 300 W Platt St, Suite 150, Tampa, FL, 33606 (voice) 813.489.1001, (fax) 813.489.1008, info@barkerrodemsandcook.com Calcutt & Calcutt, P.A. 111 2nd. Ave., N.E., Suite 910, St. Petersburg, FL, 33701 (voice) 727.898.4198, (fax) 727.823.6353, Chitwood & Harley LLP 7945 East Paces Ferry Road, 1400 Resurgens Plaza, Atlanta, GA, 30326 (voice) 404.266.1650, (fax) , Donaldson, Guin and Slate, L.L.C. 220th Street North Suite 1100, Birmingham, AL, 35203-4014 (voice) 205.226.2280, (fax) 205.226.2350, mail@dglawfirm.com _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 5

DOCUMENTS FOR THE REFERENCE COMPLAINT
U.S. District Court Civil Docket
Type: Docket		Date on the document: 8/6/2003

OTHER DOCUMENTS

Case Name and/or Number:
Type:		Date on the document:

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