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IN RE CENDANT CORPORATION PRIDES LITIGATION

No. 00-5199.

233 F.3d 188 (2000)

In re CENDANT CORPORATION PRIDES LITIGATION. Welch & Forbes, Inc., an institutional investment manager, individually and on behalf of all others similarly situated, v. Cendant Corporation; Merrill Lynch & Co.; Chase Securities, Inc.; Henry R. Silverman; Walter A. Forbes; Cosmo Corigliano Cendant Corporation, Appellant.

United States Court of Appeals, Third Circuit.

Filed: November 22, 2000.

Attorney(s) appearing for the Case

Michael Rosenbaum, (Argued), Carl Greenberg, Budd, Larner, Gross, Rosenbaum, Greenberg & Sade, Short Hills, NJ, Samuel Kadet, Skadden, Arps, Slate, Meagher & Flom, New York City, for appellant.

Roger W. Kirby, (Argued), Kirby, McInterney & Squire, New York City, for the appellee, PRIDES Class.

Before: MANSMANN, SCIRICA and FUENTES, Circuit Judges.

OPINION OF THE COURT

MANSMANN, Circuit Judge.

Cendant Corporation and Cendant Capital I ("Cendant") appeal the District Court's orders permitting certain late claims and late cures to participate in an agreed-upon settlement of a securities class action suit. Cendant claims that the District Court erred in failing to enforce the settlement agreement as written, and instead, in effect, imposed upon the parties a settlement other than the one to which they...

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