TONNEMACHER v. SASAK

No. CIV 89-201 PHX SMM.

838 F.Supp. 445 (1993)

Pat TONNEMACHER and Charles B. Ackerman, et al., Plaintiffs, v. Timothy L. SASAK and Paula Sasak, husband and wife, et al., Defendants.

United States District Court, D. Arizona.

September 9, 1993.


Attorney(s) appearing for the Case

Joseph W. Bell, Fredrick P. Furth, Daniel S. Mason, Brien Kirk, Furth, Fahrner & Mason, San Francisco, CA, R. Chip Larsen, James J. Farley, Farley Robinson & Larsen, Mesa, AZ for plaintiffs.

David W. Dow, Robert Clifford Hackett, John R. Hoopes, Bridget M. Gaughan, Mohr, Hackett, Pederson, Blakley, Randolph & Haga, P.C., Phoenix, AZ, for defendant Anchor Nat. Financial Services.

Robert Clifford Hackett, John R. Hoopes, Mohr, Hackett, Pederson, Blakley, Randolph & Haga, P.C., Phoenix, AZ, for defendants Sunamerica and Broad, Inc.

David B. Rosenbaum, Edwin F. Hendricks, Catherine O'Grady, Meyer, Hendricks, Victor, Osborn & Maledon, P.A., for defendant McDermott, Will & Emery.

David Lawrence Abney, Dan M. Durrant, Streich Lang, P.A., Hal Michael Clyde, Michael W. Patten, Lynne Christensen Adams, Charles Buren Cliett, Jr., Carol A. Colombo, Brown & Bain, P.A., Phoenix, AZ, for defendant Touche, Ross & Co.

Kathleen Coughenour DeLaRosa, Craig R. Kepner, Jennings, Kepner & Haug, Phoenix, AZ, for defendant Alaxander Koller.

Kathleen Coughenour DeLaRosa, Craig R. Kepner, Jennings, Kepner & Haug, Michael John Raymond, Raymond, Greer & Sassaman, P.C., Phoenix, AZ, for defendant J. Patrick McCarthy.

Kathleen Coughenour DeLaRosa, Craig R. Kepner, Jennings, Kepner & Haug, Phoenix, AZ, for defendant Richard R. Morrow, III.

Larry G. Haddy, Phoenix, AZ, Moss & Barnett, P.A., Minneapolis, MN, for Creative Equity Resources, Inc.

David G. Burlingame, Denver, CO, Neil Vincent Wake, Nancy G. Oyen, Phoenix, AZ, for defendant Multi-Financial Securities.

Tom Galbraith, Jenae Rose Naumann, Lewis & Roca, Phoenix, AZ, for defendant Washington Life.

Lawrence E. Wilk, Leon Benjamin Silver, Bonnie Lee Booden, Jaburg & Wilk, P.C., Phoenix, AZ, for movant James C. Sell.


MEMORANDUM OF DECISION AND ORDER

McNAMEE, District Judge.

Defendant Touche Ross & Co. ("Touche") has filed an objection to the proposed settlement between plaintiffs and defendants Anchor Financial Services ("Anchor"). The Plaintiffs and Defendant Anchor filed responses to the objection.

The first issue before the court is whether Touche has standing to object to the proposed settlement. The general rule is that non-settling defendants lack standing...

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