IN RE CENDANT CORP., DERIVATIVE ACTION LITIGATION

Civ. No. 98-1998 (WHW).

232 F.Supp.2d 327 (2002)

In re CENDANT CORPORATION, DERIVATIVE ACTION LITIGATION.

United States District Court, D. New Jersey.

November 19, 2002.


Attorney(s) appearing for the Case

Bruce E. Gerstein, Barry S. Taus, Brett Cebulash, Kevin S. Landau, Garwin Bronzaft, Gerstein & Fisher, L.L.P., New York, NY, David M. Taus, Law Office of Francis J. DeVito, P.A., Hackensack, NJ, Elwood S. Simon, John P. Zuccarini, Elwood S. Simon & Associates, P.C., Birmingham, MI, Thomas G. Shapiro, Shapiro Haber & Urmy LLP, Boston, MA, Richard B. Brualdi, Law Offices of Richard B. Brualdi, New York, NY, Jerald Stein, Law Offices of Jerald Stein, New York, NY, Robert I. Harwood, Wechsler, Harwood, Halebian & Feffer, New York, NY, Joseph A. Rosenthal, Norman M. Monhait, Rosenthal, Monhait, Gross & Goddess, P.A., Wilmington, Delaware, for Derivative Plaintiff Martin G. Deutch.

Jonathan Lerner, Samuel Kadet, Skadden, Arps, Slate, Meagher & Flom, L.L.P., New York, NY, Michael Rosenbaum, Carl Greenberg, Budd, Larner, Gross, Rosenbaum, Greenberg & Sade, P.C., Short Hills, NJ, for Nominal Defendant Cendant Corp., Herbert J. Stern, Stern Greenberg & Kilcullen, Roseland, NJ, James G. Kreissman, Simpson, Thacher & Bartlett, New York, NY, for the HFS Defendants, Steven S. Radin, Sills, Cummis, Zuckerman, Radin, Tischman, Epstein & Gross, Newark, NJ, Dennis J. Block, Cadwalader, Wickersham & Taft, New York, NY, for the CUC Defendants, Richard J. Schaeffer, Bruce Handler, Dornbush, Mensch, Mandelstam & Schaeffer, LLP, New York, NY, for Defendant Shelton, Donald A. Robinson, Lapidus & Livelli, Newark, NJ, Gary P. Naftalis, Kramer, Levin, Naftalis & Frankel, New York, NY, for Defendant Corigliano.

Michael Griffinger, Gibbons, Del Deo, Doaln, Griffinger & Vecchione, PC, Newark, NJ, for the Special Litigation Committee.

Brian Fintan Moore, Lowenstein Sandler, PC, Roseland, NJ, for Consolidated-Defendant.


OPINION

WALLS, District Judge.

This matter is before the Court on the application of Bruce E. Gerstein of Garwin, Bronzaft, Gerstein & Fisher, LLP, lead counsel ("Lead Counsel") for Plaintiff Martin Deutch ("Derivative Plaintiff" or "Deutch") in the above-captioned matter, brought on behalf of nominal defendant Cendant Corporation ("Cendant"), for approval of the proposed settlement against certain defendants (the "Settlement Agreement") and for attorneys...

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