IN THE MATTER OF COLT INDUS S'HOLDER LITIG


77 N.Y.2d 185 (1991)

In the Matter of Colt Industries Shareholder Litigation. Karen Woodrow et al., Plaintiffs, v. Colt Industries Inc et al., Appellants. James S. Merritt Company, Respondent.

Court of Appeals of the State of New York.

Decided January 8, 1991.


Attorney(s) appearing for the Case

Barry H. Garfinkel, Marco E. Sehnabl, Seth M. Schwartz and Cornelius J. Grealy for appellants.

Robert L. Beerman, Charles W. German, W. Perry Brandt and David B. Cosgrove for respondent.

Judges SIMONS, KAYE, ALEXANDER, TITONE, HANCOCK, JR., and BELLACOSA concur.


Chief Judge WACHTLER.

In this case, we consider whether the respondent, a Missouri corporation with no ties to New York, has a due process constitutional right to opt out of a New York class action in which the relief sought in the complaint was largely equitable in nature. We hold today that when a class action complaint demands predominantly equitable relief that will necessarily benefit the class as a whole...

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