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WILLHEIM v. MURCHISON

No. 190, Docket 29126.

342 F.2d 33 (1965)

Else WILLHEIM and Randolph Phillips, Plaintiffs-Appellants, v. John D. MURCHISON and Clint W. Murchison, Jr., co-partners d/b/a Murchison Brothers, and Investors Diversified Services, Inc., Defendants-Appellees, and Investors Mutual, Inc., Defendant.

United States Court of Appeals Second Circuit.

Decided February 10, 1965.

Attorney(s) appearing for the Case

Randolph Phillips, New York City, appellant pro se (Leonard I. Schreiber, New York City, on brief, for appellant Else Willheim).

Samuel E. Gates, New York City (Debevoise, Plimpton, Lyons & Gates, New York City, J. Asa Rountree, Robert J. Geniesse, J. Edward Fowler, New York City, of counsel), for Investors Diversified Services, Inc.

Stuart N. Updike, New York City (Townley, Updike, Carter & Rodgers, New York City, Lee W. Meyer, Peter G. Kelly, New York City, of counsel), for John D. Murchison and Clint W. Murchison, Jr.

Taggart Whipple, New York City (Davis, Polk, Wardwell, Sunderland & Kiendl, New York City), for Investors Mutual, Inc.

Before FRIENDLY and SMITH, Circuit Judges, and BLUMENFELD, District Judge.

FRIENDLY, Circuit Judge.

The affairs of Alleghany Corporation, from its founding by the Van Sweringen brothers in 1929, have given rise to a flood of litigation that must be unparalleled in American corporation law. Even a single phase of its activity, its relationship with Investors Diversified Services, Inc. (IDS), of which Alleghany obtained control in 1949, has been a bounteous provider for the Securities and Exchange Commission and the courts, especially the...

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