Word: eisen
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Dates: during 1960-1969
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...beginnings of Viet Nam were clearly visible in the '50s, but Eisen hower seemed convinced that to fight a land war in Asia would be ruinous?though he later supported Johnson's policies. In retrospect, much of what was taken for clumsy bumbling was neither clumsy nor bumbling. "He knew when not to do something," says Political Scientist Harvey Wheeler, a fellow of California's Center for the Study of Democratic Institutions...
...limited ar eas. Consequently, Dwight Eisen hower barred production of the Zeus, but directed the Pentagon to pursue efforts to develop a bet ter system...
...spread out the legal costs of the suit, Eisen brought it as a class action on behalf of all investors who have dealt in odd lots between 1960 and 1966 (the period covered by the statute of limitations). Since huge numbers of investors deal in odd lots, the number of potential parties to Eisen's suit was an estimated...
...class action are bound by the results unless they make a timely request not to be included. Courts therefore take careful precautions to be sure that the individual in the case will adequately represent the general cause and that his interests clearly parallel those of the entire class. Eisen's case was the first major Court of Appeals test of the new rules, and the Second Circuit held that the district judge erred in refusing to accept Eisen's suit as a class action. In so doing, the court emphasized that the rules should be interpreted as liberally...
Liberal Interpretation. In general, the impact of the ruling will be to open the way for more and larger class actions. For Eisen, the decision improved chances of regaining his money-almost. The biggest obstacle remaining is that federal rules provide that adequate notice must be given to other members of the class so that they can protect their interests or opt out if they wish...