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IN RE CENDANT CORP. SECURITIES LITIGATION

Civ.No. 98-1664(WHW).

81 F.Supp.2d 550 (2000)

IN RE CENDANT CORPORATION SECURITIES LITIGATION. This document relates to: Jan Wyatt, Randy Kupper and Maria Lourdes Rodriguez, on behalf of themselves and all others similarly situated, Plaintiffs, v. Cendant Corporation, individually and as successor to CUC International, Inc., E. Kirk Shelton, Walter A. Forbes, Cosmo Corigliano, Christopher McLeod, Anne M. Pember, Burton C. Perfit, T. Barnes Donnelley, Stephen A. Greyser, Kenneth A. Williams, Bartlett Burnap, Robert P. Rittereiser, Stanley M. Rumbaugh, Jr., and Ernst & Young, LLP, Defendants.

United States District Court, D. New Jersey.

February 1, 2000.

Attorney(s) appearing for the Case

Michael J. Pucillo, Colleen Bodik, West Palm Beach, FL, for Plaintiffs.

Douglas Eakeley, Peter Skolnik, Lowenstein Sandler, PC, Roseland, NJ, Alan Salpeter, Caryn Jacobs, Mayer, Brown & Platt, Chicago, IL, for Ernst & Young LLP.

Steven S. Radin, Sills Cummis Zuckerman Radin Tischman Epstein & Gross, Newark, NJ, Greg Danilow, Weil, Gotshal & Manges LLP, New York City, for CUC Directors/Walter Forbes.

Richard Schaeffer, Dornbush, Mensch, Madelstrom & Schaeffer, New York City, for E. Kirk Shelton.

Carl Greenberg, Budd, Larner, Gross, Rosenbaum, Greenberg & Sade, Short Hills, NJ, Jonathan Lerner, Samuel Kadet, Skadden, Arps, Slate Meagher & Flom, New York City, for Cendant.

OPINION

WALLS, District Judge.

Defendants, Cendant Corporation ("Cendant"), Ernst & Young LLP ("E & Y"), E. Kirk Shelton, Walter A. Forbes, and Christopher McLeod, move to dismiss the amended complaint filed against them by plaintiffs, Jan Wyatt, Randy Kupper, and Maria L. Rodriguez, on behalf of themselves and all others similarly situated. As stated in this Opinion, defendants' motions are granted.

Factual Background

Plaintiffs...

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