In Re Consolidated Pinnacle West Securities Litigation

51 F.3d 194 Fed. Sec. L. Rep. P 98,660 In re CONSOLIDATED PINNACLE WEST SECURITIES LITIGATION/RESOLUTION TRUST CORPORATION-MERABANK LITIGATION. RESOLUTION TRUST CORPORATION, et al., Plaintiffs-Appellees, v. Gene E. RICE, Lola Rice, Ernest F. Modzelewski, Nancy Modzelewski, Defendants-Appellants. No. 94-15431. United States Court of Appeals, Ninth Circuit. Argued and Submitted Nov. 16, 1994. Decided March 23, 1995. Peter K. Rosen, Rosen Law Firm, Los Angeles, CA, for defendants-appellants. Katherine M. Harmeyer, Snell & Wilmer; W. Scott Bales, Meyer, Hendricks, Victor, Osborn & Maledon, Phoenix, AZ; Eugene J. Comey, Comey, Boyd & Luskin, and Howard N. Cayne, Arnold & Porter, Washington, DC, for defendants-appellees. Philip F. Belleville, Lathan & Watkins, Los Angeles, CA, for various defendants-appellees. Appeal from the United States District Court for the District of Arizona. Before: LAY, * PREGERSON, and O'SCANNLAIN, Circuit Judges. LAY, Circuit Judge: 1 Gene Rice, Lola Rice, Ernest Modzelewski, and Nancy Modzelewski ("the Nonsettlors") appeal the district court's approval of the partial settlement of a Resolution Trust Corporation ("RTC") lawsuit against…