WESTINGHOUSE ELEC. CORP. BY LEVIT v. FRANKLIN

No. 92-5513.

993 F.2d 349 (1993)

WESTINGHOUSE ELECTRIC CORP., derivatively by Joseph H. LEVIT; and Abraham Joselow; and George M.D. Richards, individually and on behalf of all others similarly situated, v. B.H. FRANKLIN; John C. Marous; R.M. Morrow; Hays T. Watkins; Donald F. Hornig; John B. Carter; Robert W. Campbell; R.C. McPherson; R.R. Pivirotto; D.T. McLaughlin; P.E. Lego; William A. Powe; and Westinghouse Electric Corp., Defendants, and Westinghouse Electric Corp., Nominal Defendant, Barbara Hackman Franklin, John C. Marous, Richard M. Morrow, Hays T. Watkins, Donald F. Hornig, John B. Carter, Robert W. Campbell, Rene C. McPherson, Richard R. Pivirotto, David T. McLaughlin, Paul E. Lego, William A. Powe, and Nominal Defendant Westinghouse Electric Corporation, Appellants.

United States Court of Appeals, Third Circuit.

Decided May 19, 1993.


Attorney(s) appearing for the Case

James R. Malone, Jr. (argued), Richard D. Greenfield, Robin Resnick, Haverford, PA, Arnold Levin, Levin, Fishbein, Sedran & Berman, Phyllis C. Kaufman, Law Offices of Phyllis C. Kaufman, Philadelphia, PA, for appellees.

Ira M. Millstein, Greg A. Danilow (argued), Carole E. Klinger, Weil, Gotshal & Manges, New York City, Richard W. Clary, Cravath, Swaine & Moore, New York City, Raymond M. Tierney, Shanley & Fisher, P.C., Morristown, NJ, for appellants.

Before: MANSMANN, ALITO and ALDISERT, Circuit Judges.


OPINION OF THE COURT

ALDISERT, Circuit Judge.

This interlocutory appeal under 28 U.S.C. § 1292(b) requires us to answer the following question: Does the one-year/three-year uniform limitations period for actions brought under Section 10(b) of the Securities Exchange Act of 1934 adopted by this court in In Re Data Access Systems Securities Litigation, 843 F.2d 1537 (3d Cir.), cert. denied sub nom. Vitiello...

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