Legal Opinion

AAL High Yield Bond Fund v. Deloitte & Touche LLP

Court of Appeals for the Eleventh Circuit

Decided March 2, 2004No. 02-16179, 02-16181PublishedCited by 41 opinions

1Opinion of the Court

ANDERSON, Circuit Judge:

This appeal arises in the context of class action securities litigation, settlements, and bar orders.

FACTS AND PROCEDURAL BACKGROUND

Just for Feet (“JFF”), a shoe retailer, sold $200 million in corporate notes (the “Notes”) on April 12, 1999. JFF had recently borrowed $280 million, and the offering was intended to reduce that debt. Soon, however, JFF began reporting very poor financial news. On November 4, 1999, it filed for bankruptcy protection.

Two purchasers of the Notes, AAL High Yield Bond Fund and Delaware Delchester Fund (“Plaintiffs” or “Plaintiffs-Appel-lees”),…

2Cases cited12 opinions

  1. Devlin v. ScardellettiSupreme Court of the United States · 2002
  2. Marino v. OrtizSupreme Court of the United States · 1988
  3. United States v. Joseph A. Kirschenbaum, A/K/A Ari Kirschenbaum, Appeal Of: Julie KirschenbaumCourt of Appeals for the Seventh Circuit · 1998
  4. 96 Cal. Daily Op. Serv. 6256, 96 Daily Journal D.A.R. 10,256 in Re Estate of Ferdinand Marcos Human Rights Litigation. Maximo Hilao, Class v. Estate of Ferdinand Marcos, Republic of the Philippines, a Non-Party Specifically Identified as Subject to the Preliminary Injunction, in Re Estate of Ferdinand Marcos Human Rights Litigation. Maximo Hilao, Class v. Estate of Ferdinand Marcos, Republic of the Philippines, a Non-Party Specifically Identified as Subject to the Preliminary InjunctionCourt of Appeals for the Ninth Circuit · 1996
  5. In Re Piper Funds, Inc.Court of Appeals for the Eighth Circuit · 1995

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3Cited by41 opinions

  1. Access Now, Inc. v. Southwest Airlines Co.Court of Appeals for the Eleventh Circuit · 2004
  2. Arlene M. Stone v. First Union CorporationCourt of Appeals for the Eleventh Circuit · 2004
  3. Lauren Houston v. Country Club, Inc.Court of Appeals for the Eleventh Circuit · 2018
  4. Dimitrios Papas v. Buchwald Capital Advisors, LLCCourt of Appeals for the Sixth Circuit · 2013
  5. In Re Heritage Bond LitigationCourt of Appeals for the Ninth Circuit · 2008

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