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SPRAYREGEN v. LIVINGSTON OIL COMPANY

No. 66 Civ. 3051.

295 F.Supp. 1376 (1968)

Warren SPRAYREGEN et al., Plaintiffs, v. LIVINGSTON OIL COMPANY, Julius Livingston, Wayne E. Swearengen, Irving H. Mages, Peat, Marwick, Mitchell & Co. and DeWitt Conklin Organization, Inc., Defendants.

United States District Court S. D. New York.

September 23, 1968.

Attorney(s) appearing for the Case

Ballon, Stoll & Shyman, New York City, for plaintiffs; Ronald S. Itzler, Myron D. Vogel, New York City, of counsel.

Golden, Wienshienk & Mandel, New York City, for defendant Irving H. Mages; Ralph Wienshienk, New York City, Arvey, Hodes & Mantynband, Chicago, Ill., Sidney Sosin, Chicago, Ill., of counsel.

Chadbourne, Parke, Whiteside & Wolff, New York City, for defendant Livingston Oil Co.; Charles Pickett, Edward C. McLean, Jr., Howard S. Sussman, New York City, of counsel.

White & Case, New York City, for defendant Peat, Marwick, Mitchell & Co., Thomas Kiernan, Stephen W. Stein, New York City, of counsel.

Davis, Polk, Wardwell, Sunderland & Kiendl, New York City, for defendant Julius Livingston; Ralph M. Carson, Phillip C. Poller, Jr., Thomas P. Griesa, Rathheim, Abrams, Hoffman & Kassel, New York City, of counsel.

MEMORANDUM

FREDERICK van PELT BRYAN, District Judge:

This is an action by Sprayregen and other stockholders of Livingston Oil Company (the Company) against that corporation; three directors, Julius Livingston, Wayne E. Swearengen, and Irving Mages; the accounting firm of Peat, Marwick, Mitchell & Co. (Peat); and DeWitt Conklin Organization, Inc. (DeWitt), a public relations firm.

Plaintiffs allege five claims for relief which arise out of the...

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