Legal Opinion

Bell Atlantic Corp. v. Bolger

Court of Appeals for the Third Circuit

Decided August 18, 1993No. Nos. 92-1615, 92-1653PublishedCited by 103 opinions

1Opinion of the Court

OPINION OF THE COURT

SCIRICA, Circuit Judge.

This appeal concerns certain Bell Atlantic Corp. shareholders’ objections to the district court’s approval of a derivative lawsuit settlement. Appellant-objectors Seymour Lazar, Anne Klein, and Robert Klein1 contend the settlement agreement between defendants and derivative plaintiff Bell Atlantic confers no benefit on Bell Atlantic and benefits only individual defendant directors and plaintiffs’ counsel. The objectors’ principal claim is that the district court abused its discretion by approving an unfair and inadequate settlement. We believe the…

2Cases cited36 opinions

  1. Mills v. Electric Auto-Lite Co.Supreme Court of the United States · 1970
  2. Aronson v. LewisSupreme Court of Delaware · 1984
  3. Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
  4. Girsh v. JepsonCourt of Appeals for the Third Circuit · 1975
  5. Marino v. OrtizSupreme Court of the United States · 1988

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3Cited by103 opinions

  1. In Re: The Prudential Insurance Company Of America Sales Practices LitigationCourt of Appeals for the Third Circuit · 1998
  2. In Re General Motors Corporation Pick-Up Truck Fuel Tank Products Liability Litigation. Jack French, Robert M. West, Charles E. Merritt, Gary Blades, Dawn and Tracey Best, Gary and Jackie Barnes, Betty Marteny, John and Mary Southands, Edmund Berning, Dale W. Plummer, Edmund and Anneta Casey, John and Connie Yonki, Carl and Kathryn Corona, Dallas and Patricia Nelson, Mynard and Mildred Duncan, Kirby L. Stegman, Dewayne Anderson, Morris and Barbara Betzold, in No. 94-1064. Rudolph Jenkins, William D. Cunningham, Mather Johnson, Forrest Charles Ginn, Buren William Jones and Martin D. Parkman, in No. 94-1194. Parish of Jefferson, in No. 94-1195. The State of New York, in No. 94-1198. Elton Wilson, Individually, and Frank I. Owen, Individually and on Behalf of the Residents of the State of Alabama, in No. 94-1202. City of New York, in No. 94-1203. Betty Youngs, Barbara Phillips, Margaret Engel, Larry Swope, Robbin Maxwell and Center for Auto Safety, in No. 94-1207. Betty Youngs, Barbara Phillips, Margaret Engel, Larry Swope, Robbin Maxwell and Center for Auto Safety, in No. 94-1208. Commonwealth of Pennsylvania, Department of Transportation, in No. 94-1219Court of Appeals for the Third Circuit · 1995
  3. In Re Rite Aid Corporation Securities Litigation Class Member/objector Walter KaufmannCourt of Appeals for the Third Circuit · 2005
  4. Weinman v. Fidelity Capital Appreciation Fund (In Re Integra Realty Resources, Inc.)Court of Appeals for the Tenth Circuit · 2001
  5. Valley Bank of Nevada v. GinsburgNevada Supreme Court · 1994

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