IN RE CENDANT CORP. SECURITIES LITIGATION

No. CIV. 98-1664.

76 F.Supp.2d 531 (1999)

IN RE CENDANT CORPORATION SECURITIES LITIGATION. This document relates to: Daystar Special Situations Fund L.P. and Daystar LLC, Plaintiffs, v. Cendant Corporation, Henry R. Silverman, and Martin L. Edelman, Defendants.

United States District Court, D. New Jersey.

November 29, 1999.


Attorney(s) appearing for the Case

Melvin Brosterman, James Bernard, Strook & Strook & Lavin, LLP, New York, NY, for Daystar Special Situations Fund, L.P., and Daystar LLC.

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

Herbert J. Stern, Stephen M. Greenberg, Joel M. Silverstein, Stern & Greenberg, Roseland, NJ, James G. Kreissman, Jacob S. Putman, Lauren J. Rosenblum, Simpson Thacher & Bartlett, New York, NY, for Henry R. Silverman and Martin L. Edelman


OPINION

WALLS, District Judge.

This matter is before the Court on the motions of defendants Henry R. Silverman and Martin Edelman ("Individual Defendants") and defendant Cendant Corporation ("Cendant") to dismiss the complaint against them filed by Daystar Special Situations Fund, LP and Daystar LLC ("Daystar"). Having heard oral argument on November 23, 1999, defendants' motions are denied.

Factual Background1

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