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IN RE FLIGHT TRANSP. CORP. SECURITIES LITIGATION

Nos. 85-5425, 86-5012.

794 F.2d 318 (1986)

In re FLIGHT TRANSPORTATION CORPORATION SECURITIES LITIGATION. SUBCLASSES I, II, III (SHAREHOLDERS), Appellees, Subclass IV (Unitholders), Appellant, Subclass V, and Thomas C. Bartsch, receiver, Appellees, v. FOX AND COMPANY, Opperman & Paquin, James F. McGovern, American Home Assurance Company, Reavis & McGrath, a Partnership, Norwest Bank Minneapolis, N.A., Norwest Bank Calhoun-Isles, N.A., St. Paul Fire & Marine Insurance Co., Alexander & Alexander Services, Inc., Alexander & Alexander, Inc., Evanston Insurance Company, Ezell Jones, Marjorie Terhaar, Russell T. Lund, Jr., Wardell M. Montgomery, Delbert Oldenburg, and Larry Walston, Appellees.

United States Court of Appeals, Eighth Circuit.

Decided June 11, 1986.

Rehearing and Rehearing Denied July 31, 1986.

Attorney(s) appearing for the Case

William McCarthy, Boston, Mass., for appellant.

Lowell Sachnoff, Chicago, Ill., Thomas Bartsch and Edward Glennon, Minneapolis, Minn., for appellees.

Before ARNOLD, Circuit Judge, FLOYD R. GIBSON, Senior Circuit Judge, and FAGG, Circuit Judge.

Rehearing and Rehearing En Banc Denied July 31, 1986.

ARNOLD, Circuit Judge.

This is an appeal from orders of the District Court1 approving a series of settlements made in the Flight Transportation Corporation class-action securities litigation. We hold that the District Court did not abuse its discretion, that it committed no error of law, and that its findings of fact are not clearly erroneous. We therefore affirm.

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