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IN RE UNION CARBIDE CORP. SECURITIES LITIGATION

No. MDL 692 (CLB).

718 F.Supp. 1099 (1989)

In re UNION CARBIDE CORPORATION CONSUMER PRODUCTS BUSINESS SECURITIES LITIGATION.

United States District Court, S.D. New York.

July 13, 1989.

Attorney(s) appearing for the Case

Jerome Congress, David J. Bershad, Sol Schriber, Robert Wallner, Milberg, Weiss, Bershad, Specthire & Lereach, New York City, David H. Weinstein, Kohn, Savett, Klein & Graft, Philadelphia, Pa., Daniel Kurasner, Wolf, Haldenstein, Adler, Freeman & Herz, Lawrence A. Sucharow, Goodkind, Labaton & Rudoff, New York City, for plaintiffs.

Raymond Falls, Kevin Burke, Robert Butler, Cahill, Gordon & Reindell, New York City, for defendants Union Carbide and the Officers and Directors.

Douglas Brandon, Davis, Polk & Wardwell, New York City, for defendant Morgan Stanley.

MEMORANDUM AND ORDER

[Findings and Conclusions re Fairness of Proposed Settlement]

BRIEANT, Chief Judge.

Class plaintiffs petition the Court pursuant to Fed.R.Civ.P. 23(e) for judicial approval of a proposed settlement between the class members and defendants Union Carbide Corporation (Union Carbide or the Company) and Morgan Stanley & Co. (Morgan Stanley) as set forth in the Stipulation of Settlement dated December 22, 1988. A public hearing...

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