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FRANKLIN v. KAYPRO CORP.

Nos. 88-5931, 88-5934.

884 F.2d 1222 (1989)

George FRANKLIN, On Behalf of Himself and All Others Similarly Situated, Plaintiffs, v. KAYPRO CORPORATION; Andrew F. Kay; David Kay; Allan M. Kay; Mary M. Kay; Prudential-Bache Securities, Inc., Defendants. In re KAYPRO CORPORATION, SHAREHOLDER LITIGATION. PRUDENTIAL-BACHE SECURITIES, INC., Defendant-Cross-claimant-Appellant, v. KAYPRO CORPORATION; Andrew F. Kay; David A. Kay; Allan M. Kay, Plaintiffs-Cross-claimants-Appellees. In re KAYPRO CORPORATION SECURITIES LITIGATION. George FRANKLIN, On Behalf of Himself and All Others Similarly Situated, Jon Quint; Ellen Quint; Stefan Reznik; William B. Weinberger; Richard Lowe; Paul L. Holmes; Evelyn S. Holmes, Plaintiffs-Appellees, v. KAYPRO CORPORATION; Andrew F. Kay; David A. Kay; Allan M. Kay; Mary M. Kay; Arthur B. Laffer; Bradford W. Ryland; Ludwig Weindling; Roger S. Wooley, Defendants-Appellants, v. PEAT MARWICK MAIN & COMPANY, Defendant-Appellant.

United States Court of Appeals, Ninth Circuit.

Decided September 6, 1989.

Attorney(s) appearing for the Case

J. Anthony Sinclitico, III, Gibson, Dunn & Crutcher, San Diego, Cal., and John A. Shutkin, New York City, for defendants-appellants.

Stephen Young, Robert D. Feighner, and Ben Suter, Keesal, Young & Logan, San Francisco, Cal., for defendant-cross-claimant-appellant.

William S. Lerach, Milbert, Weiss, Bershad, Specthrie & Lerach, San Diego, Cal. and Michael P. Fuchs, Wolf Popper Ross Wolf & Jones, New York City, for plaintiffs-defendants-cross-claimants-appellees.

Before FARRIS, FERGUSON and BEEZER, Circuit Judges.

BEEZER, Circuit Judge:

This is an appeal from a pretrial order by the district court approving settlement with some but not all defendants in a securities action. The class action consists of cases consolidated as In re Kaypro Shareholders Securities Litigation, No. 84-2091-N(I). The plaintiff class includes all persons, except defendants, who acquired common stock of Kaypro Corporation between August 25, 1983 and July 17, 1984. The defendants are Kaypro Corporation...

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