Legal Opinion

In Re Cendant Corp. Securities Litigation

District Court, D. New Jersey

Decided April 16, 2001No. 98-CV-1664(WHW)PublishedCited by 21 opinions

1Opinion of the Court

OPINION

Walls, District Judge.

Ernst & Young (“E & Y”) moves to dismiss all Amended Cross-Claims by Cendant against it on various theories. Oral argument was heard January 22, 2001, and the Court requested additional submissions on the issue of how settlement proceeds could be allocated to the plaintiffs’ Section 10 and Section 11 claims, if at all. After consideration of the parties’ submissions and oral arguments, the Court grants E & Y’s motion to dismiss Count VIII, but denies the motions to dismiss all other counts.

BACKGROUND

In December 1997, CUC International, Inc. acquired HFS in a…

2Cases cited61 opinions

  1. Conley v. GibsonSupreme Court of the United States · 1957
  2. United Mine Workers of America v. GibbsSupreme Court of the United States · 1966
  3. Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
  4. Hishon v. King & SpaldingSupreme Court of the United States · 1984
  5. Sherry J. Oshiver v. Levin, Fishbein, Sedran & BermanCourt of Appeals for the Third Circuit · 1994

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3Cited by21 opinions

  1. 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
  2. Video Pipeline, Inc. v. Buena Vista Home Entertainment, Inc.District Court, D. New Jersey · 2002
  3. Baena v. KPMG LLPCourt of Appeals for the First Circuit · 2006
  4. Micro Enhancement v. Coopers & Lybrand, LLPCourt of Appeals of Washington · 2002
  5. Micro Enhancement International, Inc. v. Coopers & Lybrand, L.L.P.Court of Appeals of Washington · 2002

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