Fed. Sec. L. Rep. P 91,479 in Re U.S. Financial Securities Litigation. Societe Generale De Banque, Rentinvest, North American Fund a and Itf Fund, Ltd. v. Touche Ross & Co., Societe Generale De Banque, Rentinvest, North American Fund a and Itf Fund, Ltd. v. Brown, Wood, Fuller, Caldwell & Ivey and Brown, Wood, Ivey, Mitchell & Petty

Bad Law
729 F.2d 628·1984 U.S. App. LEXIS 24077
United States Court of Appeals for the Ninth CircuitMarch 29, 198483-5813California2,233 words

Opinion

Opinion

729 F.2d 628 Fed. Sec. L. Rep. P 91,479 In re U.S. FINANCIAL SECURITIES LITIGATION. SOCIETE GENERALE DE BANQUE, Rentinvest, North American Fund A and ITF Fund, Ltd., Plaintiffs-Appellants, v. TOUCHE ROSS & CO., Defendant-Appellee. SOCIETE GENERALE DE BANQUE, Rentinvest, North American Fund A and ITF Fund, Ltd., Plaintiffs-Appellants, v. BROWN, WOOD, FULLER, CALDWELL & IVEY and Brown, Wood, Ivey, Mitchell & Petty, Defendants-Appellees. Nos. 83-5813, 83-5959. United States Court of Appeals, Ninth Circuit. Argued and Submitted Dec. 9, 1983. Decided March 29, 1984. Edward C. Cerny, Lane & Mittendorf, New York City, for plaintiffs-appellants. James W. Colbert, III, Los Angeles, Cal., for defendants-appellees. Appeal from the United States District Court for the Southern District of California. Before GOODWIN and TANG, Circuit Judges, and JAMESON, * District Judge. TANG, Circuit Judge: 1 Appellants challenge the district court's order requiring payment of part of a settlement fund to the defendants. Appellants contend that the district court incorrectly interpreted the settlement agreement's payback provision and should not have adopted the magistrate's recommendation…

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