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IN RE MASTERS MATES & PILOTS PENSION PLAN

Nos. 947, 948, Dockets 91-6276, 91-6288.

957 F.2d 1020 (1992)

In re MASTERS MATES & PILOTS PENSION PLAN AND IRAP LITIGATION. Andrew CULLEN; George Bomareto; Paul McGuire; Harold Beck; A.J. Morales; Guy Chadbourne; Francis E. Kyser; MM & P Pension Plan; MM & P Individual Retirement Account Plan; Pete Prevas; Paul H. Nielsen; Florin Dente; James N. Haverfield; John M. Hayes; Lynn Martin, Secretary of the United States Department of Labor; Arthur Holdeman, Plaintiffs-Appellees, v. Franklin K. RILEY, Defendant-Appellant, Robert J. Lowen; Lloyd M. Martin; Paul Bardyn; Michael DiPrisco; Richard Evans; James R. Hammer; Martin F. Hickey; Edward Morgan; Robert Murphy; Anthony Naccarato; Robert W. Parker; Michael Swayne; Allen Taylor; William I. Ristine; Edmund Davis; James Hayes; Allen C. Scott; Francis E. Keyser; Henri L. Nereaux; David York; John Sokolowski; David A. Boyle; David C. Haa; Charles Landry; Ernest Swanson; Marine Midland Bank, N.A.; Robert Parker; Allen C. Taylor; Proskauer, Rose, Goetz & Mendelsohn; Carmina J. Bracco, Defendants-Appellees, Tower Asset Management Inc., Tower Capital Corporation; Tower Securities, Inc.; Andrew A. Levy; W. Randolph Wheeler; Walter Levering, Defendants, Bert Epstein, Seham, Klein & Zelman, Esqs.; Martin Seham; IOMM & P, Appellees, Federal Insurance Company, Appellant.

United States Court of Appeals, Second Circuit.

Decided February 21, 1992.

As Amended March 18, 1992.

Attorney(s) appearing for the Case

Kirke M. Hasson, San Francisco, Cal. (C. Douglas Floyd, Pillsbury, Madison & Sutro, of counsel), for appellant Franklin K. Riley, Jr.

Barry R. Ostrager, New York City (Kevin P. Mulry, Judah A. Shechter, Meridith Randall, Simpson Thacher & Bartlett, of counsel), for appellant Federal Ins. Co.

David S. Preminger, Rosen, Szegda, Preminger & Bloom, New York City (Jeffrey Lewis, Sigman & Lewis, Oakland, Cal., Alan M. Sandals, Berger & Montague, Philadelphia, Pa., of counsel), for appellees Andrew Cullen, et al.

Nathaniel I. Spiller, Sr. Appellate Atty., U.S. Dept. of Labor, Washington, D.C. (Marshall J. Breger, Sol. of Labor, Allen H. Feldman, Associate Solicitor for Special Appellate and Supreme Court Litigation, Marc I. Machiz, Associate Sol. for Plan Benefits Sec., Karen Handorf, Counsel for Decentralized and Special Litigation, Jeff Sacher, Counsel for General Litigation, U.S. Dept. of Labor, Washington, D.C., of counsel), for appellee Secretary of Labor.

Before TIMBERS, MESKILL and KEARSE, Circuit Judges.

MESKILL, Circuit Judge:

This appeal follows an approval of a class action settlement in the United States District Court for the Southern District of New York, Broderick, J. The settlement, which came after years of complex and protracted litigation, provides over $20 million to injured plaintiffs but bars third parties from asserting against the settling defendants any claims that arise out of the subject matter of this litigation.

Appellants Franklin...

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