IN RE: Sioux Ltd. Securities Litigation

Case MDL No. 592 Document-2 Filed 06/01/15 Page 1 of3
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DOCKET NO. 592 Che
ELERR 6F THE Flint
BEFORE THE JUDICIAL PANEL ON MULTIDISTRICT LITIGATION
IN RE SIOUX LTD. SECURITIES LITIGATION
TRANSFER ORDER#*
This litigation presently consists of three actions: one action
each in the District of Minnesota, the Northern District of Alabama
and the Northern District of Illinois. Before the Panel 1s a motion
by the Minnesota plaintiffs to transfer, pursuant to 28 U.S.C. §1407,
the Alabama and Illinois actions to the District of Minnesota for
coordinated or consolidated pretrial proceedings with the action
pending there. The Illinois and Alabama plaintiffs concur with the
Section 1407 motion. The three primary defendants and eight of the
: nine third-party defendants oppose transfer; in the alternative, most
of these opponents request that the actions be centralized in the
Southern District of Texas.
On the basis of the papers filed and the hearing held, the Panel
finds that the actions in this litigation involve common questions of
fact and that centralization under Section 1407 in the Southern
@Q: of Texas will best serve the convenience of the parties and	witnesses and promote the Just and efficient conduct of this
litigation. The actions before the Panel arise out of the purchase of
interests in a Texas limited partnership, Sioux 1980-A Ltd. (Sioux
Ltd.), by investors solicited by Prudential-Bache Security, Inc.
Transfer under Section 1407 is desirable in order to avoid duplicative
discovery, prevent inconsistent pretrial rulings, and conserve the
resources of the parties, their counsel and the Judiciary.
We are persuaded that the Southern District of Texas 1s the
appropriate transferee forum for this litigation because most of the
relevant documents and witnesses are located there. We note that 1)
Sioux Ltd. was a Texas concern; 2) Sioux Ltd.'s general partner, Sioux
Natural Gas Corporation (Sioux), and Sioux's parent corporation,
Rapada Corporation (Rapada), as well as five third-party defendants
who were principal officers of Sioux are found in Texas; 3) all other .
third-party defendants, including two law firms, a petroleum
consulting firm and an accounting firm which issued legal opinions or
performed work related to Sioux's financial condition and/or
experience in oil and gas exploration, are situated there; and U4)
documents relevant to this litigation are presently under the control
of the court in the Southern District of Texas in connection with
bankruptcy matters involving Rapada and Sioux.
*¥ Judges Robert H. Schnacke and Sam C. Pointer, Jr. took no part in
the decision of this matter.

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IT IS THEREFORE ORDERED that, pursuant to 28 U.S.C. §1407, the
actions listed on the attached Schedule A be, and the same hereby are,
transferred to the Southern District of Texas and, with the consent of
that court, assigned to the Honorable Norman W. Black for coordinated
or consolidated pretrial proceedings.
FOR THE PANEL:
Cdn
Andrew A. Caffr
Chairman

Case MDL No. 592 Document 2 Filed 06/01/15 Page 3 of 3
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Schedule A
MDL-592 -- In re Sioux Ltd. Securities Litigation
Northern District of Alabama
Edward L. Nemeth v. Prudential~Bache Securities, Inc., et
Northern District of Illinois
Donald S. Dawson, et al. v. Prudential Bache Securities
Inc., et al., C.A. No. 83-C-6991
District of Minnesota
Metro Property Management Co., et al. v. Prudential-Bache
Securities, Inc., et al., C.A. No. 4-83-562