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CITY PART. CO. v. ATLANTIC ACQUISITION LTD. PART.

No. 96-1357.

100 F.3d 1041 (1996)

CITY PARTNERSHIP COMPANY, A New York General Partnership, On Behalf of Itself and All Others Similarly Situated, etc., et al., Plaintiffs, Appellees, v. ATLANTIC ACQUISITION LIMITED PARTNERSHIP, A Massachusetts Limited Partnership, etc., et al., Defendants, Appellees, Thomas P. Gorman, John Carlson, Andrew N. Becker, Barronian-Ira Rollover, Richard and Emily Barronian, Harold E. and Wanja M. Birkey, Marvin W. and Charlotte L. Greenup, Estate of Robert and Doloras Hanson, Johnny's Seafood Company Profit Sharing Trust, Gray Lumber Company Profit Sharing Trust, Barbara Engle, James P. Duffy, H.C. Harned, Richard Hodson, and Marcella Levy, Intervenors, Appellants.

United States Court of Appeals, First Circuit.

Decided November 26, 1996.

Attorney(s) appearing for the Case

Glen DeValerio, with whom Harry A. Garfield, II, Kimberly Masters Gaines, Berman, DeValerio & Pease, Boston, MA, and Harold B. Obstfeld, New York City, were on brief, for plaintiff, appellees.

Deborah L. Thaxter, P.C., with whom Gregory P. Deschenes, Christopher R. Goddu and Peabody & Brown, Boston, MA, were on brief, for defendants, appellees.

Robert W. Powell, Detroit, MI, with whom Carl D. Liggio, Michael S. Poulos, Chicago, IL, Robert W. Powell, Dickinson, Wright, Moon, VanDusen & Freeman, Detroit, MI, Thomas G. Shapiro, Edward F. Haber, Shapiro, Grace, Haber & Urmy, Boston, MA, Edward Heboton, Lynda J. Grant and Goodkind, Labaton, Rudsoff & Suckarow L.L.P., New York City, were on brief, for intervenors, appellants.

Before TORRUELLA, C.J., and COFFIN and CAMPBELL, Senior Circuit Judges.

LEVIN H. CAMPBELL, Senior Circuit Judge.

Plaintiffs, Intervenors Thomas Gorman, et al., ("Intervenors") appeal from the district court's approval of a settlement of a class action against Atlantic Acquisition Limited Partnership ("Atlantic"), the general partner in a series of limited partnerships. The Intervenors allege that the settlement is not fair, reasonable or adequate.

I. Procedural and Factual History<...

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