United States District Court E. D. Michigan, S. D.https://leagle.com/images/logo.png
August 11, 1950.
August 11, 1950.
Attorney(s) appearing for the Case
Samuel L. Chess, New York City, Perlman, Goodman, Hecht & Chesler, Chicago, Ill., and Fischer & Fischer, Detroit, Mich., for proponents-plaintiffs.
Willkie, Owen, Farr, Gallagher & Walton, New York City, and Butzel, Eaman, Long, Gust & Kennedy, Detroit, Mich., of counsel for proponents-defendants.
George E. Brand and George E. Brand, Jr., Detroit, Mich., and Gordon Johnson, San Francisco, Cal., for defendant Kaiser Aluminum & Chemical Corporation, formerly the Permanente Metals Corporation.
Simpson, Thacher & Bartlett, New York City, for defendant Graham Paige Motors Corporation.
Garey & Garey, New York City, for defendant Joseph W. Frazer.
Miller & Hornbeck, Cleveland, Ohio, and Clair John Killoran, Wilmington, Del., for objecting stockholder, Otis & Co.
Lewis M. Dabney, Jr., Anderson & Carew, and Gale, Bernays, Falk & Eisner, New York City, for objecting stockholder Michael Stella.
Clair J. Killoran, Wilmington, Del., Samuel Marion, New York City, and Ernest P. LaJoie, Detroit, Mich., for objecting stockholder Eva Lefker.
Lemuel B. Schofield, Marvin Comisky, G. Fred DiBona, Philadelphia, Pa., and David V. Martin, Detroit, Mich., for objecting stockholder James F. Masterson.
Griffiths, Williams & Griffiths and Marcus, Kelman & Loria, Detroit, Mich., Norman Amenberg and Held, Rawick & Schnur, New York City, for other objecting stockholders.
Mortimer Shapiro, New York City, for Graham Paige Bondholders Protective Committee.
United States District Court E. D. Michigan, S. D.
PICARD, District Judge.
In order to fully understand the many issues involved in this matter, we deem it advisable to set forth chronologically certain facts concerning the several stockholders' derivative actions affected by our decision of the main question before this court.
On February 9, 1948, James F. Masterson of Philadelphia, Pa., started a stockholders' derivative suit in the Circuit Court for Wayne County...
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