Not overruled or negatively treated on appealinfoCoverage
United States Court of Appeals, Second CircuitJul 30, 1997
117 F.3d 721 (2d Cir. 1997)

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  • holding that first element of Grinnell supports approval where parties had litigated for "nearly 1,000 days" and "consumed large sums of money and many thousands of hours of labor."

    Summary of this case from Edwards v. N. Am. Power & Gas, LLC

Docket No. 97-7540, No. 2403.

Argued: July 15, 1997.

Decided: July 30, 1997.

Edward T. Joyce, Chicago, Illinois, for Appellants.

Edward Labaton, New York, New York (Nicholas E. Chimicles, Fred Taylor Isquith, Edward Grossmann, Burton H. Finkelstein, David J. Bershad, Of Counsel), for Plaintiff-Appellee.

Matthew Gluck, New York, New York (Peter L. Simmons, Rachel S. Fleishman, Of Counsel), for Defendants-Appellees.

Appeal from orders by the United States District Court for the Southern District of New York (Sidney H. Stein, Judge), approving a settlement and allocation in this class action and denying appellants' motions to intervene and to be certified as representatives for their proposed subclass. Affirmed.

Before: WINTER, Chief Judge, JACOBS and LEVAL, Circuit Judges.

Robert and Vera Jacobson appeal from Judge Stein's approval of a settlement and allocation agreement in this class action and denial of the Jacobsons' motions to intervene and to be certified as subclass representatives. We affirm for the reasons set forth in Judge Stein's opinions. In re PaineWebber Ltd. Partnership Litig., 171 F.R.D. 104 (S.D.N.Y. 1997); In re PaineWebber Ltd. Partnership Litig., ___ F.R.D. ___, No. 94 Civ. 8547 (SHS) (S.D.N.Y. Feb. 26, 1996).

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