SECURITIES AND EXCHANGE COMMISSION, Plaintiff-Appellee,
Richard James French d/b/a Neild Cruikshank & Co.-Pacific; Jose Pascual; Harry C. Polonitza & Co.; Steven S. Mitchell and Alan Schmidt, French Plaintiffs-Appellees,
David Chan; Opex Investments Inc.; Rudolf M. Binnewies; William A. Charles; Sold Inc.; Montgomery and Mader, N.A. Montgomery; Richard E. Mader and Craig A. Resnick, Charles Plaintiffs-Appellees,
v.
CERTAIN UNKNOWN PURCHASERS OF THE COMMON STOCK OF AND CALL OPTIONS FOR THE COMMON STOCK OF SANTA FE INTERNATIONAL CORPORATION; Credit Suisse; Swiss American Securities, Inc.; Citibank, N.A.; Lombard, Odier & CIR; Morgan Guaranty Trust Company of New York; Swiss Bank Corporation; Drexel Burnham Lambert, Inc.; The Chase Manhattan Bank, N.A.; Moseley, Hallgarten, Estabrook & Weeden, Inc.; Faisal Al Massoud Al Fuhaid, Defendants-Appellees,
v.
Alan E. ZIMMER, Jr., and John Olaques, Objectors-Appellants.
United States Court of Appeals, Second Circuit.https://leagle.com/images/logo.png
Argued December 15, 1986.
Decided May 6, 1987.
Attorney(s) appearing for the Case
Arthur M. Handler, New York City (Robert S. Goodman and Laura A. Larks, Golenbock and Barell, New York City, Charles R. Breyer and Joseph C. Spero, Coblentz, Cahen, McCabe & Breyer, San Francisco, Cal., of counsel), for objector-appellant Zimmer.
George B. Recile, Metairie, La., for objector-appellant Olaques.
Daniel L. Goelzer, General Counsel, S.E.C., Washington, D.C. (Paul Gonson, Solicitor, Jacob H. Stillman, Associate General Counsel, Rosalind C. Cohen, Asst. General Counsel and Sheila M. Barry, S.E.C., Washington, D.C., of counsel), for plaintiff-appellee S.E.C.
Herbert E. Milstein, Washington, D.C. (Steven J. Toll and Patricia F. Bak, Cohen, Milstein & Hausfeld, Washington, D.C., Richard J. Kilsheimer, Kaplan, Kilsheimer & Foley, New York City, of counsel), for French plaintiffs-appellees.
Marvin Wexler, Kornstein, Veisz and Wexler, New York City, Donald E. Schlotz, Armour, St. John, Wilcox, Goodin & Schlotz, Jon B. Sigerman, San Francisco, Cal., on the brief, for Charles plaintiffs-appellees.
James D. St. Clair, J. Barry Morrissey and Thomas N. O'Connor, Hale and Dorr, Boston, Mass., William K. Dodds, Olwine, Connolly, Chase, O'Donnel & Weyher, New York City, on the brief, for defendants-appellees Unknown Purchasers.
Before MESKILL, KEARSE and ALTIMARI, Circuit Judges.
United States Court of Appeals, Second Circuit.
MESKILL, Circuit Judge:
Objectors-appellants Alan E. Zimmer and John Olaques appeal from a final judgment of the United States District Court for the Southern District of New York, Conner, J., denying with prejudice their objections to an order of the district court establishing a claims fund and claims procedure for the distribution of disgorged profits. On February 26, 1986, the district court entered an order approving a settlement among the Securities and...
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