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IN RE CENDANT CORP. SECURITIES LITIGATION

No. CIV. 98-1664(WHW).

109 F.Supp.2d 273 (2000)

In re CENDANT CORPORATION SECURITIES LITIGATION.

United States District Court, D. New Jersey.

August 15, 2000.

Attorney(s) appearing for the Case

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

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

Herbert Jay 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. Silve, Martin L. Edelman.

OPINION

WALLS, District Judge.

Derivative Action Plaintiff Martin Deutch moves to intervene to object to settlement pursuant to Federal Rule of Civil Procedure 24(a) & (b): (1) as a current shareholder whose interest in Cendant will allegedly be "disproportionately diminished as a result of the Settlement" of the main Cendant class action ("CalPERS Action"); and (2) as the derivative action plaintiff "in order to protect the viability of the Company...

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