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McLENDON v. CONTINENTAL GROUP, INC.

Civ. A. No. 83-2864. Civ. Nos. 83-1340 (SA) (HLS), 89-4009 (HLS) and 89-4066 (HLS).

802 F.Supp. 1216 (1992)

Cecil McLENDON, et al., Plaintiffs, v. The CONTINENTAL GROUP, INC., et al., Defendants. Albert J. JAKUB, et al., Plaintiffs, v. The CONTINENTAL GROUP, INC., et al., Defendants. Robert GAVALIK, et al., Plaintiffs, v. The CONTINENTAL GROUP, INC., et al., Defendants.

United States District Court, D. New Jersey.

September 17, 1992.

Attorney(s) appearing for the Case

Roslyn M. Litman, Litman, Litman, Harris, Brown & Watzman, Pittsburgh, Pa., John G. Jacobs, Robert Plotkin, Plotkin & Jacobs, Ltd., Chicago, Ill., Daniel P. McIntyre, Falmouth, Me., for plaintiffs.

Stephen, Patton, Kirkland & Ellis, Chicago, Ill., for defendants.

Professor George L. Priest, Yale Law School, New Haven, Conn., Special Master.

SAROKIN, District Judge.

By two Orders dated July 23, 1992, and filed July 24, 1992, this court approved the Settlement and Plan of Distribution (hereinafter "Distribution") in this decade-old class action litigation. At page three of the Order Approving Settlement and Entering Final Judgment, the court reserved the right to file an Opinion explaining the court's reasons for approving the Settlement and Distribution. What follows is the court's further justification...

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