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SUMITOMO COPPER LIT. v. CREDIT LYONNAIS ROUSE

Docket No. 00-8028.

262 F.3d 134 (2001)

In re Sumitomo Copper Litigation, Plaintiffs Class, Plaintiffs-Appellees, v. Credit Lyonnais Rouse, Ltd., and Credit Lyonnais, S.A., Defendants-Appellants, R. David Campbell, Bipin Shah, Global Minerals and Metals, Inc., Sumitomo Corporation, Sumitomo Corporation of America, Merrill, Lynch & Co., Merrill Lynch Commodity Financing, Inc., Merrill Lynch Pierce Fenner & Smith Incorporated, Merrill Lynch Pierce Fenner & Smith (Brokers & Dealers) Limited, Morgan Stanley & Co., Inc., J.P. Morgan & Co., Inc., and Morgan Guaranty Trust Company of New York, Defendants.

United States Court of Appeals, Second Circuit. August Term, 2000.

Decided: August 15, 2001.

Attorney(s) appearing for the Case

CHRISTOPHER LOVELL, Lovell & Stewart, LLP, New York, NY, for plaintiffs-appellees.

PHILIP ALLEN LACOVARA, STEVEN WOLOWITZ, SCOTT E. MORTMAN, Mayer, Brown & Platt, New York, NY, for defendants-appellants.

HOWARD SCHNEIDER, JOEL W. STERNMAN, JAMES M. RITTINGER, Rosenman & Colin LLP, New York, NY, for amicus curiae Futures Industry, Inc.

Before: WALKER, Chief Judge, MINER and POOLER, Circuit Judges.

JOHN M. WALKER, JR., Chief Judge:

This case presents the issue of the circumstances under which leave will be granted to permit an interlocutory appeal from a district court's decision on class certification pursuant to the recently enacted Rule 23(f) of the Federal Rules of Civil Procedure ("Rule 23(f)").

Plaintiffs commenced a class action suit in 1996 against, inter alia, Sumitomo Corporation ("Sumitomo"), Morgan Stanley & Co. ("Morgan Stanley...

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