United States Second Circuit

In an appeal of settlement approval, the district court correctly deferred allocation of a judgment credit until after trial. The Private Securities Litigation Reform Act of 1995 does not apply to the claims of the nineteen plaintiffs who were added by amendment to the complaint after the statute's effective date.

Appellate Information

• Decided 05/15/2003
• Published 05/15/2003

Judges

• SOTOMAYOR, Circuit Judge., Before:  JACOBS, POOLER and SOTOMAYOR, Circuit Judges.

Court

• United States Second Circuit

Counsel

• For Appellees:
  
• Lawrence H. Nagler, Nagler & Associates, Los Angeles, CA (David F. Berry, of counsel),for plaintiffs-appellees., Gary P. Naftalis, Kramer Levin Naftalis & Frankel LLP, New York, N.Y. (Alan R. Friedman, Stephen M. Sinaiko, Jennifer L. Rochon, J. Wells Dixon, of counsel, Bruce S. Kaplan, Friedman Kaplan Seiler & Adelman LLP, New York, NY, on the brief), for defendant-cross-claimant-appellant Daiwa Securities America, Inc., Thomas I. Sheridan, III, Torys LLP, New York, NY, for defendant-counter-defendant-appellant MTC Electronic Technologies Co., Gregory A. Markel, Cadwalader, Wickersham & Taft LLP, New York, N.Y. (Paul R. Bessette, Austin, TX, on the brief), for defendant-third-party-plaintiff-appellee BDO Dunwoody.