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DAUPHIN DEP. BANK AND TRUST CO. v. HESS

727 A.2d 1076 (1999)

DAUPHIN DEPOSIT BANK AND TRUST COMPANY, Appellee, v. Ralph W. HESS, Joan B. Pattison and Jered L. Hock, Individually and on Behalf of all Others Similarly Situated, Appellants.

Supreme Court of Pennsylvania.

Decided March 26, 1999.

Reargument Denied May 13, 1999.

Attorney(s) appearing for the Case

Christopher C. Conner, Daniel L. Sullivan, Anthony T. Lucido, Harrisburg, James F. Mundy, Philadelphia, for Hess, Pattison and Hocks.

LeRoy S. Zimmerman, James J. Kutz, Bridget E. Montgomery, Harrisburg, Joseph E. Ramirez, for Dauphin Deposit Bank.

Before FLAHERTY, C.J., and ZAPPALA, CAPPY, CASTILLE, and NIGRO, JJ.

OPINION OF THE COURT

FLAHERTY, Chief Justice.

The issue in this appeal is whether the Superior Court abused its discretion in reversing the order of the trial court, which rejected a proposed settlement in a class action lawsuit. The lawsuit, initiated by Dauphin Bank, was a declaratory judgment action in which the bank sought the right to terminate unilaterally a certificate of deposit offering which was renewable at eighteen month intervals and...

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