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IN RE U.S. FINANCIAL SECURITIES LITIGATION

Nos. 83-5813, 83-5959.

729 F.2d 628 (1984)

In re U.S. FINANCIAL SECURITIES LITIGATION. SOCIETE GENERALE DE BANQUE, Rentinvest, North American Fund A and ITF Fund, Ltd., Plaintiffs-Appellants, v. TOUCHE ROSS & CO., Defendant-Appellee. SOCIETE GENERALE DE BANQUE, Rentinvest, North American Fund A and ITF Fund, Ltd., Plaintiffs-Appellants, v. BROWN, WOOD, FULLER, CALDWELL & IVEY and Brown, Wood, Ivey, Mitchell & Petty, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Decided March 29, 1984.

Attorney(s) appearing for the Case

Edward C. Cerny, Lane & Mittendorf, New York City, for plaintiffs-appellants.

James W. Colbert, III, Los Angeles, Cal., for defendants-appellees.

Before GOODWIN and TANG, Circuit Judges, and JAMESON, District Judge.

TANG, Circuit Judge:

Appellants challenge the district court's order requiring payment of part of a settlement fund to the defendants. Appellants contend that the district court incorrectly interpreted the settlement agreement's payback provision and should not have adopted the magistrate's recommendation that the defendants receive part of the fund. We affirm.

FACTS

This case arises out of the settlement of three related class actions against U...

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