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TIERNAN v. DEVOE

No. 89-2024.

923 F.2d 1024 (1991)

Charles A. TIERNAN, Jr., Richard Ray, Mary Jo Ray, Peter R. Maynard, Gerald Traficante, Susan Traficante, Donald Metzger, Gail Metzger, Albert Auricchio, Noel T. Hill, Richard Cianfrocca, Steven M. Kahn, Robert Bernzweig, Stephen C. Kiely, Paul Croxton, Valerie Croxton, Anthony Annunziata, Louise Annunziata, Stephen Tobias, Jann Tobias, Stuart Kandel, Gloria Kandel, Ralph Davidoff, Martin Feldman, F. William Zimba, Thomas Lemberge, Stephen P. Gudek, Sr., Miriam Friedland, Lawrence Friedland, Donald Rosenzweig, Salvatore T. Salerno, G. Peter Nelson, Mary Lou Nelson, Ernest J. Broadbent, James Andaloro, Arlene Andaloro, Richard Troiano, Diane Troiano, Robert Infarinato, Joan Infarinato, Harold Taub, Barbara Taub, Robert R. Moheban, Joel Davidsen, Kendra Davidsen, Richard J. Civitarese, Ralph J. Civitarese, and Joan A. Colucci v. Harry L. DEVOE, Jr., The Devoe Group, Ltd., Devoe Management Co., Equity Performance Group, Inc., Sterling Securities, Inc., Sterling Investor Services, Inc., Ann Soja, Martin Soja, Rose, Feldman, Radin, Feinsod & Skehan, and Bishop, Liberman & Cook. Appeal of Charles A. TIERNAN, Jr., Richard and Mary Jo Ray, Noel T. Hill, Salvatore T. Salerno, Ernest J. Broadbent, James and Arlene Andaloro, Richard and Diane Troiano, Robert R. Moheban, Joel and Kendra Davidsen, Gerald and Susan Traficante, Albert Auricchio, Richard Cianfrocca, Steven M. Kahn, Anthony and Louise Annunziata, Martin Feldman, F. William Zimba, Stephen P. Gudek, Sr., Miriam Friedland, Donald Rosenzweig, G. Peter and Mary Lou Nelson, Richard J. Civitarese, and Ralph J. Civitarese.

United States Court of Appeals, Third Circuit.

Decided January 17, 1991.

Attorney(s) appearing for the Case

Marjorie Schaffner (argued), Stephen D. Sharp, Beigel & Sandler, Chicago, Ill., for appellants.

Ronald J. Shaffer (argued), Fox, Rothschild, O'Brien & Frankel, Philadelphia, Pa., for appellees Equity Performance Group, Inc., Sterling Securities, Inc., Sterling Investor Services, Inc., Ann Soja, and Martin Soja.

David H. Marion (argued), Montgomery, McCracken, Walker & Rhoads, Philadelphia, Pa., for appellee Bishop, Liberman & Cook.

Charles W. Craven (argued), Audrey L. Jacobsen, Marshall, Dennehey, Warner, Coleman & Goggin, Philadelphia, Pa., for appellee Rose, Feldman, Radin, Feinsod & Skehan.

Before MANSMANN and SCIRICA, Circuit Judges, and STANDISH, District Judge.

OPINION OF THE COURT

SCIRICA, Circuit Judge.

This case involves a challenge to an order of the district court granting summary enforcement of several settlement agreements. Although we recognize the difficulties faced by the district judge in this confusing matter, we will vacate the order and remand to the district court for a determination of the validity of the settlements.

I.

A.

This lawsuit arises out of the collapse of a...

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