METLYN REALTY CORP. v. ESMARK, INC.

Nos. 84-1749, 84-1750.

763 F.2d 826 (1985)

METLYN REALTY CORPORATION and Kapflor Corporation, Plaintiffs-Appellants, v. ESMARK, INC., a Delaware corporation, Defendant-Appellee. MORGAN GUARANTY TRUST COMPANY, Plaintiff-Appellant, v. ESMARK, INC., a Delaware corporation, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided May 16, 1985.


Attorney(s) appearing for the Case

Sidney B. Silverman, Silverman & Harnes, New York City, for plaintiffs-appellants.

Scott J. Davis, Mayer, Brown & Platt, Chicago, Ill., for defendant-appellee.

Before FLAUM and EASTERBROOK, Circuit Judges, and DUMBAULD, Senior District Judge.


EASTERBROOK, Circuit Judge.

Judicial approval of a settlement involving the valuation of securities is a discretionary act, and an application to revisit that approval asks a court a question about its own discretionary processes. If the judge who approved the settlement concludes that misstatements in the hearings leading to the approval did not affect his earlier decision, that brings the litigation to an end. We affirm the district judge's decision not to reopen...

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