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PIAMBINO v. BAILEY

No. 82-5844.

757 F.2d 1112 (1985)

Peter PIAMBINO and Joseph F. Kucklick, Plaintiffs-Appellees, v. William E. BAILEY and David L. Eastis, Defendants, and Bestline Products, Inc., a California corporation, Defendant-Appellee, David Sylva, Intervenor-Appellant.

United States Court of Appeals, Eleventh Circuit.

Rehearing and Rehearing Denied May 15, 1985.

Attorney(s) appearing for the Case

Evelyn Langlieb Greer, P.A., Miami, Fla., for intervenor-appellant.

Frank R. Ubhaus, J. Russell Pitto, San Jose, Cal., for defendant-appellee Bestline Products Inc.

Carl H. Hoffman, Coral Gables, Fla., for plaintiff-appellee Peter Piambino.

Before TJOFLAT and CLARK, Circuit Judges, and GOLDBERG, Senior Circuit Judge.

Rehearing and Rehearing En Banc Denied May 15, 1985.

TJOFLAT, Circuit Judge:

I.

This is a class action in which the plaintiffs seek money damages under the federal securities laws. The lawyers who have been representing the plaintiff-class have a conflict of interest with the minority segment of the class. They have used this conflict of interest to benefit themselves and the majority of the class members...

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