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IN RE CONSTAR INTERNATIONAL SECURITIES LITIGATION

No. 08-2461.

585 F.3d 774 (2009)

In re CONSTAR INTERNATIONAL INC. SECURITIES LITIGATION. Constar International Inc; Charles F. Casey; William G. Little; Michael J. Hoffman; James C. Cook; Alan W. Rutherford; John W. Conway; Angus F. Smith; Frank J. Mechura; Lazard Freres & Co., LLC.; Citigroup; J.P. Morgan Securities, Inc.; Deutsche Bank Securities, Inc.; Salomon Smith Barney, Inc.; Crown Holdings, Inc., Appellants.

United States Court of Appeals, Third Circuit.

Filed: October 29, 2009.

Attorney(s) appearing for the Case

Steven B. Feirson, Esq. [Argued], David W. Brown, Esq., Michael L. Kichline, Esq., Stuart T. Steinberg, Esq., Dechert, Jill M. Baisinger, Esq., Marc J. Sonnenfeld, Esq., Morgan, Lewis & Bockius, Philadelphia, PA, for Defendants-Appellants, Constar International Inc; Charles F. Casey; William G. Little; Michael J. Hoffman; James C. Cook; Alan W. Rutherford; John W. Conway; Angus F. Smith; Frank J. Mechura; Lazard Freres & Co., LLC.; Citigroup; J.P. Morgan Securities, Inc.; Deutsche Bank Securities, Inc. Salomon Smith Barney, Inc.; Crown Holdings, Inc.

Eric A. Isaacson, Esq. [Argued], Joseph D. Daley, Esq., Coughlin, Stoia, Geller, Rudman & Robbins, San Diego, CA, Laura S. Stein, Esq., Philadelphia, PA, for Plaintiffs-Appellees, Ameesh Bhandari; Randolph Redstone.

Before: RENDELL, FUENTES, and ROTH, Circuit Judges.

OPINION OF THE COURT

RENDELL, Circuit Judge.

In this securities class action, defendants Constar International, Crown Holdings, Salomon Smith Barney, Citigroup Global Markets, Citigroup, Deutsche Bank Securities, J.P. Morgan Securities, and Lazard Freres & Co. appeal the District Court's Order granting class certification. Defendants argue that the District Court erred by adopting a liberal construction of Rule 23 in favor of class certification, by...

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