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ROSS v. BERNHARD

No. 65 Civ. 665.

275 F.Supp. 569 (1967)

Howard ROSS and Bernard Ross as Trustees for Lena Rosenbaum, Plaintiffs, v. Robert A. BERNHARD et al., Defendants.

United States District Court S. D. New York.

November 3, 1967.

Attorney(s) appearing for the Case

Rosenthal & Gurkin, New York City, for plaintiffs; Pomerantz, Levy, Haudek & Block, Abraham L. Pomerantz, Richard M. Meyer, New York City, of counsel.

Simpson, Thacher & Bartlett, New York City, for defendants Bernhard and others; Lawrence M. McKenna, New York City, of counsel.

Sullivan & Cromwell, New York City, for defendants Clark and others; Cornelius B. Prior, Jr., New York City, of counsel.

Walsh & Frisch, New York City, for defendant Lehman Corp.

McLEAN, District Judge.

This is a stockholders' derivative action by stockholders of The Lehman Corporation against directors of that corporation and against Lehman Brothers, the corporation's broker.* The complaint charges in substance that The Lehman Corporation has paid to Lehman Brothers brokerage commissions which are excessive for a variety of reasons and that the assets of The Lehman...

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