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IN RE CENDANT CORP. SECURITIES LITIGATION

No. 98-CV-1664(WHW).

139 F.Supp.2d 585 (2001)

In re CENDANT CORPORATION SECURITIES LITIGATION. This document Relates to: All Actions Except Prides.

United States District Court, D. New Jersey.

April 16, 2001.

Attorney(s) appearing for the Case

Douglas Eakeley, Lowenstein Sandler PC, Roseland, NJ, for E & Y.

Carl Greenberg, Budd Larner Gross Rosenbaum, Greenberg & Sade, P.C., Short Hills, NJ, for Cendant.

OPINION

Walls, District Judge.

Ernst & Young ("E & Y") moves to dismiss all Amended Cross-Claims by Cendant against it on various theories. Oral argument was heard January 22, 2001, and the Court requested additional submissions on the issue of how settlement proceeds could be allocated to the plaintiffs' Section 10 and Section 11 claims, if at all. After consideration of the parties' submissions and oral arguments, the Court grants E & Y's motion...

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