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LYMAN v. STANDARD BRANDS INCORPORATED

Civ. A. No. 73-882.

364 F.Supp. 794 (1973)

Cletus M. LYMAN, on behalf of himself and all others similarly situated v. STANDARD BRANDS INCORPORATED and Arthur Andersen & Co.

United States District Court, E. D. Pennsylvania.

August 15, 1973.

Attorney(s) appearing for the Case

Stuart H. Savett, Aaron M. Fine, Harold E. Kohn, P. A., Philadelphia, Pa., for plaintiff.

John G. Harkins, Jr., Jeffrey Charles Hayes, Patricia L. Freeland, Pepper, Hamilton & Scheetz, Philadelphia, Pa., for Standard Brands Inc.

Charles W. Boand, Wilson & McIlvaine, Chicago, Ill., Donald A. Scott, Morgan, Lewis & Bockius, Philadelphia, Pa., for Arthur Andersen & Co.

OPINION AND ORDER

JOSEPH S. LORD, III, Chief Judge.

Plaintiff, a shareholder of Standard Brands Incorporated ("Standard Brands"), has brought this action pursuant to § 14(a) and § 20 of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78n and 78t, and Rule 14a-9 adopted by the Securities and Exchange Commission under Section 14(a), 17 CFR § 240.14a-9.1 The gist of plaintiff's complaint is that a Standard...

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