Court of Chancery of Delaware, New Castle County.https://leagle.com/images/logo.png
Submitted: May 8, 2000.
Decided: August 4, 2000.
Attorney(s) appearing for the Case
Joseph A. Rosenthal, Rosenthal, Monhait, Gross & Goddess, P.A., Wilmington, Delaware, of counsel, Steven G. Schulman, Milberg Weiss Bershad Hynes & Lerach, LLP, New York City, Abbey, Gardy & Squitieri, LLP, New York City, Wolf Popper, LLP, New York City, Berger & Montague, Philadelphia, Pennsylvania, for plaintiffs.
R. Franklin Balotti, Anne Foster, Michael J. Merchant, Richards, Layton & Finger, Wilmington, Delaware, of counsel, Barry R. Ostrager, Mary Kay Vyskocil, Paul C. Curnin, Joseph M. McLaughlin, Simpson Thacher & Bartlett, New York City, for defendants Matsushita Electric Industrial Company, Ltd. and Matsushita Holding Corporation.
Joel Friedlander, Bouchard Margules Friedlander & Maloneyhuss, Wilmington, Delaware, of counsel, Stuart L. Shapiro, Shapiro Forman & Allen, LLP, New York City, Roger W. Kirby, Peter S. Linden, Kirby McInerney & Squire, LLP, New York City, Henry P. Monaghan, New York City, for intervenors Lawrence Epstein and John Linder.
Martin P. Tully, Bradley J. Enna, Morris, Nichols, Arsht & Tunnell, Wilmington, Delaware, of counsel, Theodore N. Mirvis, Jeffrey R. Boffa, Alexander Shaknes, Wachtell, Lipton, Rosen & Katz, New York City, for the Former MCA Director-defendants.
Court of Chancery of Delaware, New Castle County.
OPINION
CHANDLER, Chancellor.
Petitioners Lawrence Epstein and John Linder seek to intervene in this consolidated class action under Court of Chancery Rule 24 in order to vacate a settlement order and final judgment pursuant to Rule 60(b) that this Court entered on February 22, 1993. For reasons I set forth more fully below, I conclude that plaintiffs have failed to meet the Rule 24 standard to intervene. Furthermore, even if permitted to intervene...
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