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IN RE WESTINGHOUSE SECURITIES LITIGATION

Civil Action Nos. 91-354, 99-596.

219 F.Supp.2d 657 (2002)

In re WESTINGHOUSE SECURITIES LITIGATION. This document relates to the derivative action. Daniel Mogell, in his capacity as a shareholder, suing derivatively and individually, Plaintiff, v. Barbara H. Franklin, et al., Defendants, and CBS Corporation, f/k/a Westinghouse Electric Corporation, Nominal Defendant.

United States District Court, W.D. Pennsylvania.

August 16, 2002.

Attorney(s) appearing for the Case

David J. Manogue, Spector, Sepctor, Evans & Manogue, Pittsburgh PA, Deborah R. Gross, Law Offices of Bernard M. Gross, Philadelphia, PA, Arthur N. Abbey, Joshua N. Rubin, Abbey Gardy, LLP, New York City, Michael P. Malakoff, Malakoff, Doyle & Finberg, Pittsburgh, PA, Nita M. Fandray, Law Offices of Alfred G. Yates, Jr., Pittsburgh, PA, Jules Brody, Melissa R. Emert, Stull, Stull & Brody, New York City, Richard D. Greenfield, Mark C. Rifkin, Greenfield & Rifkin, Haverford, PA, for Albert Zucker, Stanley Hershfang, Jacob Joseph Miller, Toby Feuer, Spring Creek Cardio-Medical Associates, Inc., Gloria Bertinato.

Alfred G. Yates, Jr., Nita M. Fandray, Law Offices of Alfred G. Yates, Jr., Pittsburgh, PA, Richard D. Greenfield, Mark C. Rifkin, Greenfield & Rifkin, Haverford, PA, Donald P. Alexander, Bryn Mawr, PA, for Joseph H. Levit.

Alfred G. Yates, Jr., Law Offices of Alfred G. Yates, Jr., Pittsburgh, PA, for George M.D. Richards.

David J. Manogue, Specter, Specter, Evans & Manogue, Pittsburgh, PA, Arthur N. Abbey, Joshua N. Rubin, Abbey Gardy, LLP, New York City, Jules Brody, Melissa R. Emert, Stull, Stull & Brody, New York City, for Michael Christner.

David J. Manogue, Howard A. Specter, George G. Mahfood, Spector, Sepctor, Evans & Manogue, Pittsburgh PA, Arthur N. Abbey, Joshua N. Rubin, Abbey Gardy, LLP, New York City, Jules Brody, Melissa R. Emert, Stull, Stull & Brody, New York City, for Louise M. Jacob, Patricia J. VanArtsdalen, Arnold M. Jacob, Michael E. Nogay, Nathan Kleinhandler, Dr. Michael Slavin, Richard Schwarzachild, Thomas Mitchel, Joseph Raschak, Donald H. McLennan, Ruth Stepak, Gerry Krim.

Howard A. Specter, George G. Mahfood, Spector, Sepctor, Evans & Manogue, Pittsburgh PA, for Margaret Alessi, Ronald Goldstein.

Joseph A. Katarincic, Eugene Illovsky, Thorp, Reed & Armstrong, James D. Morton, Arthur J. Schwab, Mark D. Shepard, Stanley Yorsz, Thomas L. Van Kirk, Buchanan Ingersoll, Leonard Fornella, John H. Riordan, Jr., Polito & Smock, J. Tomlinson Fort, Reed, Smith, Shaw & McClay, Vanessa J. Brown, Pittsburgh, PA, Dennis J. Block, Stephen A. Radin, Mary Lou Peters, Weil, Gothal & Manges, Robert E. Zimet, Peter Overs, Susan L. Saltzstein, William J. Sushon, Angela G. Garcia, Skadden, Arps, Slate, Meagher & Flom, Rodman W. Benedict, Price Waterhouse, New York, NY, Daniel P. Lynch, Lavin, Coleman, O'Neil, Ricci, Finarelli & Gray, Philadelphia, PA, Frank Cicero, Jr., Robert J. Kopecky, Jeffrey L. Willian, Anne J. McClain, Kirkland & Ellis, Chicago, IL, for Defendants and Consolidated Defendants.

Randall C. Schauer, MacElree, Harvey, Gallagher, Featherman & Sebastian, West Chester, PA, for Wayne S. Hardenbrook.

Kerry L. Ezrol, Josias, Goren, Cherof, Doody & Ezrol, Fort Lauderdale, FL, for Stiles West Associates, Ltd, Terry W. Stiles.

John R. Moynihan, Gault Davison, Flint, MI, for City of Flint.

William C. Rand, New York, NY, Pro Se.

MEMORANDUM ORDER

D. BROOKS SMITH, Chief Judge.

The notice of the settlement of this derivative action1 provided, inter alia, that CBS was to receive $250,000, to be paid by the insurance company that had issued the officers' and directors' policies, that otherwise would have been paid to settle a companion class action securities fraud case. William C. Rand, a practicing attorney in New York and a shareholder of...

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