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STERLING v. STEWART

Nos. 95-8944, 95-8946 and 95-9001.

158 F.3d 1199 (1998)

Robert STERLING, Jr.; Herbert Hutner, et al., Plaintiffs-Appellants, Mary Wyman Stone Fraser, et al., Intervenors-Plaintiffs, William T. Martin; Peter Chapaut; Brent Bumpers, Intervenors-Plaintiffs, Appellants, v. Richard STEWART; Robert Fisher, et al., Defendants-Appellees, Transit Sales and Service, Inc., Intervenor. Robert STERLING, Jr.; Herbert Hutner, et al., Plaintiffs-Appellants, Mary Wyman Stone Fraser; Laura Lawton Stone Fraser, et al., Intervenors-Plaintiffs, v. Richard STEWART; Robert Fisher, et al., Defendants-Appellees, William T. Martin; Peter Chaput, et al., Intervenors-Defendants, Appellants. Robert STERLING, Jr.; et al., Plaintiff-Appellees, Mary Wyman Stone Fraser; Laura Lawton Stone Fraser, et al., Intervenors-Plaintiffs, Fraser Family Trust; William T. Martin, et al., Intervenors-Plaintiffs, Appellees, v. Richard STEWART; Robert Fisher, et al., Defendants-Appellants, Transit Communications, Inc., Transit Communications, Services, LP, et al., Defendants-Appellants, Transit Sales and Service, Inc., Intervenor, Defendant-Appellant.

United States Court of Appeals, Eleventh Circuit.

October 28, 1998.

Attorney(s) appearing for the Case

Terrence B. Adamson, David O. Bickart, Kaye, Scholer, Fierman, Hays & Handler, Washington, DC, Irwin W. Stolz, Jr., Seaton D. Purdom, Gambrell & Stolz, Atlanta, GA, for Sterling.

Jack H. Watson, Jr., Long, Aldridge & Norman, Atlanta, GA, for Martin.

John M. Sikes, Jr., Atlanta, GA, for Appellees.

Frank M. Lowrey IV, Jane E. Fahey, Bondurant, Mixson & Elmore, Atlanta, GA, for Digital Transervice, Digital Communications and Digital Telecom.

Daniel D. Zegura, John J. Almond, C. B. Rogers, Dan F. Laney, III, Rogers & Hardin, Atlanta, GA, for Richard Stewart, Robert W. Fisher and Fisher Financial Corp.

Before BARKETT, Circuit Judge, and GODBOLD and GOODWIN, Senior Circuit Judges.

GOODWIN, Senior Circuit Judge:

Robert Sterling and other plaintiffs (together "Sterling") appeal the district court's approval of a settlement terminating their derivative suit. They object that the district court erred in appointing a receiver, realigning the corporations as plaintiffs, and approving an unfair settlement. The Defendants request, on cross-appeal, that should this court reverse and remand on any issues, that it consider whether the district court erred...

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