Marvyn GOULD, Executor of the Estate of J. Donald Rogasner, and J. David Pincus, on behalf of themselves and all others similarly situated, Plaintiffs,
Mary S. McCord and Charles T. McCord, Jr., Intervening Plaintiffs,
v.
AMERICAN HAWAIIAN STEAMSHIP COMPANY et al., Defendants.
United States District Court, D. Delaware, Wilmington Division.https://leagle.com/images/logo.png
August 17, 1973.
August 17, 1973.
Attorney(s) appearing for the Case
William Prickett and Rodman Ward, Jr., Prickett, Ward, Burt & Sanders, Wilmington, Del., Harold E. Kohn, Aaron M. Fine and Stephen E. Haberfield, Harold E. Kohn, P. A., Philadelphia, Pa., for plaintiff Gould and all those similarly situated and for intervening plaintiffs.
Samuel F. Keil, Keil & Keil, Wilmington, Del., for plaintiff Pincus.
S. Samuel Arsht and William O. LaMotte, III, Morris, Nichols, Arsht & Tunnell, Wilmington, Del., Richard E. Nolan, Christopher Crowley and Arthur F. Golden, Davis, Polk & Wardwell, New York City, for defendant R. J. Reynolds Tobacco Co.
David F. Anderson and Richard F. Corroon, Potter Anderson & Corroon, Wilmington, Del., John W. Castles, III, Michael J. Murphy, Lord, Day & Lord, New York City, for defendants American Hawaiian Steamship Co., National Bulk Carriers, Inc., Daniel K. Ludwig and Hal A. Kroeger.
R. Franklin Balotti, Richards, Layton & Finger, Wilmington, Del., W. Foster Wollen, Shearman & Sterling, New York City, for defendants Malcolm P. McLean, James K. McLean, Clara L. McLean, Disque D. Deane, Edward A. Hirs, James T. Murff and Beverly R. Wilson, Jr.
Howard M. Handelman, Bayard, Brill & Handelman, Wilmington, Del., James V. Ryan, Webster, Sheffield, Fleischmann, Hitchcock & Brookfield, New York City, for the defendants Litton Industries, Inc., Monroe International Corp. Retirement Plan Trust, and Joseph T. Casey.
United States District Court, D. Delaware, Wilmington Division.
OPINION
CALEB M. WRIGHT, Chief Judge.
This is a class action suit brought by shareholders of McLean Industries, Inc. (McLean) alleging violations of the Securities Exchange Act of 1934 (the 1934 Act), §§ 10(b) and 14(a), 15 U.S.C. §§ 78j(b) and 78n(a) arising in the course of McLean's proxy solicitation for shareholder approval of its merger into the R. J. Reynolds Tobacco Company (Reynolds).
In an earlier opinion, the Court held...
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