Andrews Corporate Officers and Directors Liability Litigation Reporter
September 10, 2001
Settlement (Class Counsel)
Copyright (c) 2001 Andrews Publications
3D CIR. ENDORSES $3.2B CENDANT PACT BUT SLASHES FEES, NIXES AUCTIONS
In re Cendant Corp. Sec. Litig.
In a lengthy opinion, a federal appeals court in Philadelphia has upheld the $3.2 billion settlement of a securities fraud class action against Cendant Corp. and auditor Ernst & Young but ordered the trial court to trim at least $75 million off the...