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SMITH v. MURCHISON

No. 68 Civ. 3791.

310 F.Supp. 1079 (1970)

Morris SMITH, Plaintiff, v. John D. MURCHISON and Clint W. Murchison, Jr., individually and as partners d/b/a Murchison Brothers; Donald D. Harrington, Dan A. Kimball, Frank E. McKinney, Edgar T. Rigg and Alleghany Corporation, Defendants.

United States District Court, S. D. New York.

March 24, 1970.

Attorney(s) appearing for the Case

Robert L. Bobrick, New York City, for plaintiff.

Debevoise, Plimpton, Lyons & Gates, New York City, for defendants John D. Murchison, Clint W. Murchison, Jr., and Murchison Bros., J. Asa Rountree, Hugh Rowland, Jr., New York City, of counsel.

Cahill, Gordon, Sonnett, Reindel & Ohl, New York City, for defendant Donald D. Harrington, Paul W. Williams, Raymond L. Falls, Jr., Abraham P. Ordover, New York City, of counsel.

OPINION

FREDERICK van PELT BRYAN, District Judge:

A stockholder of Alleghany Corporation (Alleghany) brings this action individually, and derivatively and representatively on behalf of Alleghany and of stockholders similarly situated. Defendants are former officers and directors of Alleghany and the Corporation is a nominal defendant.

The complaint claims assorted alleged violations by the defendants of the Securities Exchange Act of 1934 and of...

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