DISCLAIMER: Any unofficial case summaries below are prepared by the clerk's office
as a courtesy to the reader. They are not part of the opinion of the court.
023780P.pdf 12/02/2003 Kevin Kloster v. John M. Koehler
U.S. Court of Appeals Case No: 02-3780
Eastern District of Missouri
Civil case - Private Securities Litigation Reform Act of 1995. District
court did not err in determining it had authority to approve a global
settlement involving all plaintiff classes notwithstanding the fact that
some member of a lead plaintiff group for one of four certified plaintiff
classes objected to the settlement; the Private Securities Litigation
Reform Act does not contain any guidance as to the weight a district
court must give to objections from a fraction of a fractured lead plaintiff
group, and the district court did not err in relying on decisions
interpreting Rule 23 when it reviewed and approved the settlement.