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LAWSON v. BALTIMORE PAINT AND CHEMICAL CORPORATION

Civ. No. 18497.

347 F.Supp. 967 (1972)

Seward N. LAWSON et al. v. BALTIMORE PAINT AND CHEMICAL CORPORATION et al.

United States District Court, D. Maryland.

May 31, 1972.

Attorney(s) appearing for the Case

David Freishtat, Baltimore, Md., for plaintiffs.

Charles Yumkas, Baltimore, Md., for defendant Baltimore Paint.

William J. Kenney, Washington, D. C., for defendant Krock.

Seymour J. Kurtz, Chicago, Ill., for defendant Muscat.

Benjamin C. Howard and Daniel B. Leonard, Baltimore, Md., for defendant Huffines.

No appearance entered for defendant Cohn.

THOMSEN, District Judge.

This shareholder's derivative suit, seeking damages from former directors and officers of Baltimore Paint and Chemical Corporation (Baltimore Paint), has been tried before the court without a jury. The second amended complaint, on which the case went to trial, alleges that at some time prior to January 1, 1961, defendants Krock, Muscat and Huffines (the trio) formed a plan and conspiracy to acquire, directly or indirectly,

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