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IN RE CENDANT CORP. SECURITIES LITIGATION

Civ No. 98-1664(WHW).

72 F.Supp.2d 498 (1999)

In re CENDANT CORPORATION SECURITIES LITIGATION. This document relates to Stewart v. Cendant Corporation.

United States District Court, D. New Jersey.

November 1, 1999.

Attorney(s) appearing for the Case

J. Daniel Sagarin, Margaret E. Haering, Hurwitz & Sagarin LLP, Milford, CT, for Plaintiff.

Carl Greenberg, Michael Rosenbaum, Budd Larner Gross Rosenbaum Greenberg & Sade, P.C., Short Hills, NJ, Samuel Kadet, Skadden, Arps, Slate Meagher & Flom LLP, New York City, for Cendant Corp. and Cendant Capital I.

OPINION

WALLS, District Judge.

Defendant Cendant Corporation moves to dismiss the complaint of Gregory Stewart. Having heard oral argument, the Court grants Cendant's motion.

Factual Background

From October 1985 until December 1997, plaintiff Gregory Stewart was employed by HFS, Inc. ("HFS") as Executive Vice President. In December 1997, HFS merged with CUC, Inc. to form Cendant Corporation ("Cendant"). As a result of the merger...

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