Fed. Sec. L. Rep. P 93,445 Alan Zients v. Willard J. Lamorte, Gertrude Aranow, Claimants-Appellants

IRVING R. KAUFMAN, Circuit Judge:

Guidelines for the supervision of class action suits under F.R.Civ.P. Rule 23 have been slow in evolving and scant direction has been forthcoming from ap-, pellate courts. We now must decide whether a district judge supervising the distribution of a trust fund created pursuant to a settlement of a class action f should have allowed untimely claims of \five class members. These claimants concedejily^fajjed to receive any notice of the institution of the class action or notice of hearing on the settlement and their claims were made before the dis^ tribution of…