IN RE GENERAL TIRE & RUBBER CO. SEC. LITIGATION

Nos. 82-3129, 82-3130.

726 F.2d 1075 (1984)

In re GENERAL TIRE AND RUBBER COMPANY SECURITIES LITIGATION. John J. PEARL & Curtis R. Pearl (82-3129), George Brooks Schreiber (82-3130), Objectors-Appellants, v. The GENERAL TIRE & RUBBER COMPANY, et al., Appellees.

United States Court of Appeals, Sixth Circuit.

Decided January 13, 1984.

As Amended By Amended Order Denying Rehearing and Rehearing March 8, 1984.


Attorney(s) appearing for the Case

Sterling Newell, Jr., Ron Tonidandel (argued), Spieth, Bell, McCurdy & Newell, Cleveland, Ohio, for appellants in No. 82-3129.

Robert D. Storey, Thomas P. Meaney, Jr., Burke, Haber & Berick, Cleveland, Ohio, Steven R. Riokin (argued), Washington, D.C., for counsel, for appellant in No. 82-3130.

Gene Mesh (head counsel), Gene Mesh Co., L.P.A., Cincinnati, Ohio, for appellees Kramer, Milberg, Weintraub, Lewis, Kaufman, Moheit and Barr.

Avery S. Cohen, Kenneth G. Weinberg, Guren, Merritt, Sogg & Cohen, Cleveland, Ohio, Stanley L. Kaufman, Kaufman, Taylor & Kimmel, New York City, for Lewis.

David L. Creskoff, Mesirov, Gelman, Jaffe, Cramer & Jamieson, Philadelphia, Pa., for Kramer.

Jeffrey W. Herrmann, Peter S. Pearlman, Saddle Brook, N.J., for Weintraub.

Stanley Nemser, Wold, Popper, Ross, Wolf & Jones, New York City, for Barr.

Arthur N. Abbey, New York City, for Kaufman.

Richard B. Dannenberg, Lowey, Dannenberg & Knapp, Benjamin L. Rose, New York City, for Moheit, The General Tire & Rubber Co., and RKO Co.

Richard E. Guster, Ruetzel & Andress, Akron, Ohio, for Michael O'Neil, The General Tire & Rubber Co., and John O'Neil.

Isaac Schulz, Cleveland, Ohio, for Michael O'Neil, J.W. Gurtner, Fincher, Eichner, Vollbrecht and Nichols.

Marvin Schwartz (argued), Philip K. Howard, Sullivan & Cromwell, New York City, for The General Tire & Rubber Co., General Tire Intern., R.K.O. General, Aerojet General, D. Bruce Mansfield and J.T. Morley.

John G. Harkins, Jr., Pepper, Hamilton & Scheetz, Philadelphia, Pa., for Price Water-house.

William S. Burton, Cleveland, Ohio, John W. Beatty, Dinsmore, Shohl, Coates & Deupree, Cincinnati, Ohio, for Henkel, Mansfield, Morley and Walsh.

Before JONES and WELLFORD, Circuit Judges, and HARVEY, District Judge.


As Amended By Amended Order Denying Rehearing and Rehearing En Banc March 8, 1984.

NATHANIEL R. JONES, Circuit Judge.

Objecting stockholders of General Tire and Rubber Company (General Tire) John J. Pearl, Curtis R. Pearl and George B. Schreiber (objectors) appeal from an order of the district court approving the settlement of derivative claims arising from General Tire's extensive corporate misfeasance. Schreiber additionally contends that the district court...

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