Legal Opinion

Fed. Sec. L. Rep. P 98,642 Curtiss-Wright Corporation v. Robert Helfand

Court of Appeals for the Seventh Circuit

Decided March 26, 1982No. 81-2263PublishedCited by 28 opinions

1Opinion of the Court

POSNER, Circuit Judge.

The question in this case is the power of a district court to deny one of the members of the class in a class action settlement his full proportionate share of the settlement, without giving him a trial-type hearing.

Between 1970 and 1975 the management of Cenco Incorporated conducted a massive fraud. Primarily it involved inflating the value of Cenco’s inventories. This brought about an artificial increase in the price of Cenco stock, followed by a collapse after the fraud was unmasked. The collapse hurt holders of Cenco stock who had bought during the period of the…

2Cases cited8 opinions

  1. Hansberry v. LeeSupreme Court of the United States · 1940
  2. Rush PETTWAY Et Al., Plaintiffs-Appellants, v. AMERICAN CAST IRON PIPE COMPANY, a Corporation, Defendant-AppelleeCourt of Appeals for the Fifth Circuit · 1978
  3. Marshall v. Holiday Magic, Inc.Court of Appeals for the Ninth Circuit · 1977
  4. Fed. Sec. L. Rep. P 96,397 Lawrence J. Beecher v. Charles R. Able, and Four Other Actions, McDonnell Douglas CorporationCourt of Appeals for the Second Circuit · 1978
  5. Fed. Sec. L. Rep. P 93,445 Alan Zients v. Willard J. Lamorte, Gertrude Aranow, Claimants-AppellantsCourt of Appeals for the Second Circuit · 1972

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3Cited by28 opinions

  1. In re Domestic Air Transportation Antitrust LitigationDistrict Court, N.D. Georgia · 1993
  2. Findley v. Blinken (In Re Joint Eastern & Southern District Asbestos Litigation)District Court, S.D. New York · 1991
  3. In Re "Agent Orange" Product Liability Litigation Mdl No. 381Court of Appeals for the Second Circuit · 1987
  4. Kline v. WolfCourt of Appeals for the Second Circuit · 1983
  5. Mars Steel Corporation v. Continental Illinois National Bank And Trust Company Of ChicagoCourt of Appeals for the Seventh Circuit · 1987

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