United States Third Circuit

Class claims of intervening class members are tolled if a district court declines to certify a class for reasons unrelated to the appropriateness of substantive claims for class certification.

Appellate Information

• Argued 10/29/2001
• Decided 06/26/2002
• Published 06/26/2002

Judges

• SLOVITER, Circuit Judge., BEFORE:  SLOVITER, NYGAARD and AMBRO, Circuit Judges.

Court

• United States Third Circuit

Counsel

• For Appellant:
  
• Lowell E. Sachnoff, (argued), M. Marshall Seeder, John W. Moynihan, Sachnoff & Weaver, Ltd. Chicago, IL, Bryan L. Clobes, Miller, Faucher Cafferty and Wexler, LLP, Philadelphia, PA, Michael I. Behn, Futterman & Howard, Chtd. Chicago, IL, for appellants., Meyer Eisenberg, Deputy General Counsel, Mark R. Pennington, Assistant General Counsel, David M. Becker, General Counsel, Jacob H. Stillman, Solicitor Securities & Exchange Commission, Washington, D.C., for Securities and Exchange Commission appellants Amicus-Curiae.


• For Appellees:
  
• Stephen L. Dreyfuss, Hellring, Lindeman, Goldstein & Siegal, LLP, Newark, NJ, for appellees Irving Mangel and Samuel J. Mangel., Richard G. Placey, Montgomery, McCracken, Walker & Rhoads, LLP, Cherry Hill, NJ, for appellee Fishbein & Company, P.C., Richard A. RothLittman, Krooks, Roth & Ball New York City, for appellees Steven B. Sands, Martin Sands, Sands Brothers & Co., Evelyn Wong, Tony Ngai., Joseph M. Feeney, Cherry Hill, NJ, for appellee Thomas Ciocco., John M. George, Jr., (argued), Lisa M. Cipriano, John H. Mulhern Sidley, Austin, Brown & Wood Chicago, IL, Nicholas M. Kouletsis, Ralph R. Smith III, Pepper Hamilton, LLP, Cherry Hill, NJ, Barbara A. Mather, Pepper Hamilton, LLP, Philadelphia, PA for appellee Arthur Andersen, LLP.