In Re Cendant Corp. Litigation
District Court, D. New Jersey
1Opinion of the Court
OPINION
WALLS, District Judge.
I. Introduction
This matter is before the Court on the motions of the HFS defendants, the CUC defendants, Christopher K. McLeod, and Ernst & Young to dismiss Lead Plaintiffs’ complaint. With the exception of Ernst & Young’s motion to dismiss the § 10(b) and Rule 10b-5 claims against it for stock purchases made after April 15, 1998, defendants’ motions to dismiss the complaint are denied.
II. Background
Cendant Corporation (“Cendant”) was formed by the merger of CUC International, Inc. (“CUC”) and HFS Incorporated (“HFS”) on December 17, 1997. CUC was the surviving…
2Cases cited38 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
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- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
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