IN RE CONSOL. PINNACLE WEST SECURITIES LITIGATION

No. 94-15431.

51 F.3d 194 (1995)

In re CONSOLIDATED PINNACLE WEST SECURITIES LITIGATION/RESOLUTION TRUST CORPORATION-MERABANK LITIGATION. RESOLUTION TRUST CORPORATION, et al., Plaintiffs-Appellees, v. Gene E. RICE, Lola Rice, Ernest F. Modzelewski, Nancy Modzelewski, Defendants-Appellants.

United States Court of Appeals, Ninth Circuit.

Decided March 23, 1995.


Attorney(s) appearing for the Case

Peter K. Rosen, Rosen Law Firm, Los Angeles, CA, for defendants-appellants.

Katherine M. Harmeyer, Snell & Wilmer; W. Scott Bales, Meyer, Hendricks, Victor, Osborn & Maledon, Phoenix, AZ; Eugene J. Comey, Comey, Boyd & Luskin, and Howard N. Cayne, Arnold & Porter, Washington, DC, for defendants-appellees.

Philip F. Belleville, Lathan & Watkins, Los Angeles, CA, for various defendants-appellees.

Before: LAY, PREGERSON, and O'SCANNLAIN, Circuit Judges.


LAY, Circuit Judge:

Gene Rice, Lola Rice, Ernest Modzelewski, and Nancy Modzelewski ("the Nonsettlors") appeal the district court's approval of the partial settlement of a Resolution Trust Corporation ("RTC") lawsuit against many of Merabank's former directors and officers.1 In addition to the RTC's suit, the settlement encompassed a number of interrelated actions arising out of the failure of Merabank, after which the RTC became receiver...

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