Legal Opinion
In Re: Cendant Corporation Litigation Martin Deutch, Derivatively on Behalf of Cendant Corp.
Court of Appeals for the Third Circuit
Decided August 28, 2001No. 00-2684PublishedCited by 11 opinions
1Opinion of the Court
OPINION OF THE COURT
SLOVITER, Circuit Judge.
Martin Deutch appeals from the District Court’s judgment and orders approving the settlement of a securities fraud class action brought against Cendant Corporation, 28 individual defendants, and Ernst & Young, an accounting firm. Under the settlement, Cendant agreed to pay $2.85 billion in cash to the class and Ernst & Young agreed to pay $335 million to the class. In addition, Cendant and certain of the individual defendants promised to pay the class 50% of any recovery obtained in their cross-claims against Ernst & Young. In exchange, the class…
2Cases cited29 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- 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
- In Re: Cendant Corporation LitigationCourt of Appeals for the Third Circuit · 1992
- Cotton v. HintonCourt of Appeals for the Fifth Circuit · 1977
24 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- In Re: Cendant Corporation LitigationCourt of Appeals for the Third Circuit · 1992
- In Re: Cendant Corporation Prides Litigation, Welch & Forbes Inc., an Institutional Investment Manager, Individually and on Behalf of All Others Similarly Situated v. Cendant Corporation Merrill Lynch & Co. Chase Securities, Inc. Henry R. Silverman Walter A. Forbes Cosmo Corigliano E. Kirk Shelton Ernst & Young the Chase Manhattan Bank, as Custodian for Capital Income Builder, Inc. Income Fund of America, Inc. And Capital World Growth & Income, Inc.Court of Appeals for the Third Circuit · 2002
- National Mining Ass'n v. ChaoDistrict Court, District of Columbia · 2001
- Colella v. University of PittsburghDistrict Court, W.D. Pennsylvania · 2008
- In Re Cendant Corp. Securities LitigationDistrict Court, D. New Jersey · 2008
6 more not listed; retrieve them via the Exa API.