Legal Opinion
In re Cendant Corp. Litigation
District Court, D. New Jersey
Decided September 8, 1998No. CIV.A. 98-1664PublishedCited by 76 opinions
1Opinion of the Court
WALLS, District Judge.
The 1995 Private Securities Litigation Reform Act (“PSLRA” or “Reform Act”) was enacted by Congress to curb perceived abuses in the litigation process — widespread initiation and manipulation — of securities class-actions by “professional” plaintiffs and lawyers. Acknowledging the value of private securities litigation, see Gluck v. Cellstar Corp., 976 F.Supp. 542, 544 (N.D.Tex.1997), Congress also recognized that under the pri- or regime, “[c]ourts traditionally appoint[ed] lead plaintiff and lead counsel in class action lawsuits on a first come, first serve basis.”…
2Cases cited7 opinions
- In Re: The Prudential Insurance Company Of America Sales Practices LitigationCourt of Appeals for the Third Circuit · 1998
- 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
- Gluck v. CellStar Corp.District Court, N.D. Texas · 1997
- In re Oracle Securities LitigationDistrict Court, N.D. California · 1990
- In Re Amino Acid Lysine Antitrust LitigationDistrict Court, N.D. Illinois · 1996
2 more not listed; retrieve them via the Exa API.
3Cited by76 opinions
- In Re: Cendant Corporation LitigationCourt of Appeals for the Third Circuit · 1992
- In Re: Cendant Corp., (Formerly Known as Cuc International, Inc.) Cendant Capital I Lester A. Goldstein, on Behalf of Himself and All Others Similarly Situated Welch & Forbes Inc., an Institutional Investment Manager, Individually and on Behalf of All Others Similarly Situated v. Walter A. Forbes Cosmo Corigliano Anne M. Pember Merrill Lynch & Co. Chase Securities Inc. Henry R. Silverman v. Ernst & Young Cendant Membership Services, Inc. Casper Sabatino Steven P. Speaks Kevin T. Kearney Mary Sattler Howard SirotaCourt of Appeals for the Third Circuit · 2001
- In Re Rite Aid Corporation Securities Litigation Class Member/objector Walter KaufmannCourt of Appeals for the Third Circuit · 2005
- Patricia Gunter Hubert Maehr Anna Bartosh, and All Persons Similarly Situated v. Ridgewood Energy Corporation Robert E. Swanson Gary L. Hall Hall-Houston Oil CompanyCourt of Appeals for the Third Circuit · 2000
- In Re: Cendant Corporation Prides LitigationCourt of Appeals for the Third Circuit · 2001
71 more not listed; retrieve them via the Exa API.