Mealey's Litigation Procedure - 2nd Circuit Says Nonsettling Defendants Can't Appeal Approval

Mealey's Litigation Procedure - 2nd Circuit Says Nonsettling Defendants Can't Appeal Approval

NEW YORK - The Second Circuit U.S. Court of Appeals on June 26 dismissed the appeal filed by PricewaterhouseCoopers International Ltd. (PwC) and others of approval of a settlement of a class action brought by investors in "feeder funds" of Bernard Madoff's Ponzi scheme, finding that the nonsettling defendants lack standing to appeal (Pasha S. Anwar, et al. v. Fairfield Greenwich Ltd., et al., No. 13-1642, 2nd Cir.).

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