SMITH v. ARTHUR ANDERSEN LLP

Nos. 03-16791, 03-16803, 03-16899.

421 F.3d 989 (2005)

Gerald K. SMITH, as Plan Trustee for and on behalf of the Estates of Boston Chicken, Inc., BC Real Estate Investments, Inc., and all Boston Chicken affiliates, Plaintiff-Appellee, v. ARTHUR ANDERSEN LLP, a limited liability partnership, Defendant, and Merrill Lynch & Co., Inc., a corporation; Merrill Lynch Pierce Fenner & Smith Inc., a corporation; Deutsche Banc Securities, Inc., a corporation dba Deutsche Banc Alex.Brown; Morgan Stanley & Co., Inc., a corporation, Defendants-Appellants, Bell, Boyd & Lloyd, a limited liability corporation; Pedersen & Houpt, a professional corporation, Defendants-Appellees. v. Mark W. Stephens, Third-party-plaintiff-Appellee. Gerald K. Smith, as Plan Trustee for and on behalf of the Estates of Boston Chicken, Inc., BC Real Estate Investments, Inc., and all Boston Chicken affiliates, Plaintiff-Appellee, v. Arthur Andersen LLP, a limited liability partnership; Merrill Lynch & Co., Inc., a corporation; Merrill Lynch Pierce Fenner & Smith Inc., a corporation; Deutsche Banc Securities, Inc., a corporation dba Deutsche Banc Alex.Brown; Morgan Stanley & Co., Inc., a corporation; Bell, Boyd & Lloyd, a limited liability corporation; Pedersen & Houpt, a professional corporation, Defendants, and Scott A. Beck, an individual, and the marital community of Scott A. Beck, and his spouse; Saad J. Nadhir, an individual, and the marital community of Saad J. Nadhir, and his spouse, Defendants-Appellants, v. Mark W. Stephens, Third-party-plaintiff. Gerald K. Smith, as Plan Trustee for and on behalf of the Estates of Boston Chicken, Inc., BC Real Estate Investments, Inc., and all Boston Chicken affiliates, Plaintiff-Appellee, v. Arthur Andersen LLP, a limited liability partnership; Merrill Lynch & Co., Inc., a corporation; Merrill Lynch Pierce Fenner & Smith Inc., a corporation; Deutsche Banc Securities, Inc., a corporation dba Deutsche Banc Alex.Brown; Morgan Stanley & Co., Inc., a corporation; Pedersen & Houpt, a professional corporation, Defendants, and Bell, Boyd & Lloyd, a limited liability corporation, Defendant-Appellee, Peer Pedersen, an individual and the marital community of Peer Pedersen and his spouse, Defendant-Appellant, v. Mark W. Stephens, Third-party-plaintiff-Appellee.

United States Court of Appeals, Ninth Circuit.

Filed August 30, 2005.


Attorney(s) appearing for the Case

Ronald L. Marmer, C. John Koch, Jenner & Block LLP, Chicago, IL, and Don Bivens, Paul L. Stoller, Meyer, Hendricks & Bivens, P.A., Phoenix, AZ, for defendant-appellant Saad J. Nadhir.

George B. Curtis, Gregory J. Kerwin, Gibson, Dunn & Crutcher LLP, Denver, CO, and Martin Galbut, Galbut & Hunter, P.C., Phoenix, AZ, for defendant-appellants Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith, Inc., Deutsche Banc Securities, Inc., and Morgan Stanley & Co., Inc.

C. Barry Montgomery and David E. Stevenson, Williams Montgomery & John Ltd., Chicago, IL, for defendant-appellant Peer Pedersen.

Leo R. Beus, Nicholas J. DiCarlo, and Christine R. Taradash, Beus Gilbert PLLC, Scottsdale, AZ, for plaintiff-appellee Gerald K. Smith.

Martin Glenn, O'Melveny & Meyers LLP, New York, NY, and Amy J. Longo, O'Melveny & Meyers LLP, Newport Beach, CA, for plaintiff-appellee Mark W. Stephens.

Mark C. Dangerfield and Michael K. Kennedy, Gallagher & Kennedy, LP, Phoenix, AZ, for defendant-appellee Pedersen & Houpt.

James R. Condo, Snell & Wilmer LLP, Phoenix, AZ, and Richard A. Derevan, Marc L. Turman, Snell & Wilmer LLP, Irvine, CA, for defendant-appellee Bell, Boyd & Lloyd.

Before: WALLACE, RAWLINSON, and BYBEE, Circuit Judges.


WALLACE, Senior Circuit Judge:

Gerald K. Smith, in his capacity as Plan Trustee for the Bankruptcy Estate of Boston Chicken, Inc. and various related entities (the Trustee) filed an action alleging a variety of claims. Later, the Trustee filed motions seeking district court approval of settlements reached with certain of the defendants and requesting bar orders enjoining the non-settling defendants from asserting certain...

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