In re IVAN F. BOESKY SECURITIES LITIGATION,
William Fries, II, John Lippitt, Jacquelyn Tribolet and William Nelson Harris, Trustee under the William Nelson Harris and Myrtle Whitsett Harris Trust, Plaintiffs-Appellants.
United States Court of Appeals, Second Circuit.https://leagle.com/images/logo.png
Argued July 22, 1991.
Decided November 12, 1991.
Attorney(s) appearing for the Case
David B. Gold, San Francisco, Cal. (John W. Allured, George S. Trevor, David B. Gold, P.C., of counsel), for plaintiffs-appellants.
Stanley Nemser, New York City (Wolf Popper Ross Wolf & Jones, New York City, David Berger, Berger & Montague, Philadelphia, Pa., Lead/Liaison Counsel), for plaintiffs-appellees and for plaintiffs in Class and Shareholder Trading Actions in MDL 732.
Charles E. Davidow, Washington, D.C. (Robert B. McCaw, Brian X. Gaul, Wilmer, Cutler & Pickering, of counsel), for defendant-appellee Ivan F. Boesky.
Steven B. Rosenfeld, New York City (Jonathan H. Hurwitz, Paul, Weiss, Rifkind, Wharton & Garrison, of counsel), for defendant-appellee Michael R. Milken.
Alan R. Friedman, Robert A. Culp, Kramer, Levin, Nessen, Kamin & Frankel, New York City, of counsel, for defendants-appellees MAXXAM Group, Inc., Federated Development Co., MCO Holdings, Inc., MAXXAM Properties, Inc., MCO Properties, Inc., Pacific Lumber Holdings, Inc., MXM Corp. (Maine), The Pac. Lumber Co., and Charles E. Hurwitz.
Timothy E. Carr, Gilmur R. Murray, Michael T. Healy, Carr & Mussman, San Francisco, Cal., of counsel, for defendants-appellees Former Directors of Pacific Lumber Co.
Edwin B. Mishkin, Jessica Sporn Tavikoli, Cleary, Gottlieb, Steen & Hamilton, New York City, of counsel, for defendant-appellee Salomon Brothers, Inc.
Loyd Derby, Nancy Mayfield, Morgan, Lewis & Bockius, Los Angeles, Cal., of counsel, for defendant-appellee Jefferies & Co.
Ronald L. Ripley, Linn & Helms, Oklahoma City, Okl., of counsel, for defendant-appellee Boyd Jefferies.
Stuart J. Baskin, Shearman & Sterling, New York City, of counsel, for defendant-appellee Wickes Companies, Inc.
Before WINTER, ALTIMARI and MAHONEY, Circuit Judges.
United States Court of Appeals, Second Circuit.
WINTER, Circuit Judge:
This is an appeal by four members of a class from orders approving partial settlements of a class action. The eleventh-hour objection that the settlements were entered into without authority is meritless. The settlements are fair and reasonable. We affirm.
BACKGROUND
1) Overview of M.D.L. 732
The partial settlements at issue arise out of In re Ivan F. Boesky Securities Litigation, M.D.L. No. 732 ("MDL...
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