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LEWIS v. LING

No. 68 Civ. 4791-LFM.

353 F.Supp. 241 (1973)

Harry LEWIS, Plaintiff, v. James J. LING et al., Defendants.

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

January 10, 1973.

Attorney(s) appearing for the Case

Garwin & Bronzaft, New York City, for plaintiff; Sidney L. Garwin and Bertram Bronzaft, New York City, of counsel.

Davis, Polk & Wardwell, New York City, for defendants James J. Ling, W. P. Thayer and James O. Weldon; Robert B. Fiske, Jr., Arthur F. Golden and Mary E. Wagner, New York City, of counsel.

OPINION

MacMAHON, District Judge.

This civil action, tried without jury, was brought derivatively by plaintiff on behalf of Ling-Temco-Vought, Inc. ("LTV") against James O. Weldon, W. P. Thayer, and James J. Ling, all past or present directors or officers of LTV.1 Plaintiff seeks damages for sales of stock from LTV to defendants pursuant to an option plan. He alleges that the sales...

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