Tax-Deferred Exchange Litigation Gets MDL Status

Law360, New York (October 29, 2007, 12:00 AM EDT) -- Two class actions filed over the collapse of real estate investment companies Southwest Exchange Inc. and Qualified Exchange Services Inc., both of which were acquired by bankrupt breast implant firm MediCor, have been consolidated into a multidistrict litigation in the U.S. District Court for the District of Nevada.

The two actions, which had been pending in Nevada and Central California, were consolidated on Oct. 18 after the U.S. Judicial Panel on Multidistrict Litigation agreed that the two class actions involved common questions of fact.

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