SARGENT v. GENESCO, INC.

Civ. No. 71-197.

352 F.Supp. 66 (1972)

Richard J. SARGENT et al., Plaintiffs, v. GENESCO, INC., et al., Defendants.

United States District Court, M. D. Florida, Tampa Division.

June 1, 1972.


Attorney(s) appearing for the Case

R. Alan Stotsenburg, New York City, Hardy, Peal, Rawlings & Werner, New York City, H. Gordon Brown, Clearwater, Fla., Pettigrew & Bailey, Miami, Fla., for plaintiffs.

Fox, Burton, George & Loeffler, P.A., Clearwater, Fla., for Clayton B. Burton.

Charles F. Clark of Macfarlane, Ferguson, Allison & Kelly, Tampa, Fla., for Goodbody & Co., Walston & Co., Inc., Ladd Dinkins & Co., First Alabama Securities, Inc., Kohlmeyer & Co., McCarley & Co., Inc., Powell, Kistler & Co., and Roberts, Scott & Co., Inc.

Donovan, Leisure, Newton & Irvine, New York City, for Genesco, Inc., Genesco Financial Corp., Ernest B. Holt and Richard E. Horch.

Shackleford, Farrior, Stallings & Evans, P.A., Tampa, Fla., for Frank Garcia.

Leonard W. Cooperman, St. Petersburg, Fla., for Leeds Shoes, Inc.

Yado, Keel & Nelson, Tampa, Fla., for Julian Lemus and Jack Chapman.

Albritton, Sessums & Grandoff, Tampa, Fla., for A. G. Edwards & Son, Inc.

Pope, Burton & Crumbley, P.A., Tampa, Fla., for Earl G. Brown and William M. Burton.

William T. Keene, Tampa, Fla., for C. Edward Brittain.

Albert I. Gordon, Tampa, Fla., for Stuart S. Golding and Roy Cotarelo.

Trenam, Simmons, Kemker, Scharf & Barkin, Tampa, Fla., for Wm. H. Martin.

Gibbons, Tucker, McEwen, Smith, Cofer & Taub, Tampa, Fla., for Richard Lieb.

Carlton, Fields, Ward, Emmanuel, Smith & Cutler, P.A., Tampa, Fla., for Genesco, Inc., Genesco Financial Corp., Ernest B. Holt and Richard E. Horch.

Harrison, Greene, Mann, Davenport, Rowe & Stanton, St. Petersburg, Fla., and William Gruman, Tampa, Fla., for Ralph A. Buchman, Individually.


MEMORANDUM OPINION AND ORDER

KRENTZMAN, District Judge.

This came before the Court upon consideration of all pending motions. Plaintiffs filed the original complaint in this action in May, 1970, in the Southern District of New York, and filed an amended complaint on July 2, 1970. Plaintiffs sought to proceed on behalf of a class and sued derivatively, charging violations of the federal securities laws by officers and directors of Leeds Shoes, Inc., and by...

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