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MILLER v. AMERICAN TELEPHONE & TELEGRAPH COMPANY

No. 73-2007.

507 F.2d 759 (1974)

Russell P. MILLER and Margaret Jane Miller, his wife, Appellants, v. AMERICAN TELEPHONE & TELEGRAPH COMPANY (hereafter AT&T) et al.

United States Court of Appeals, Third Circuit.

Decided November 4, 1974.

Attorney(s) appearing for the Case

Clarke F. Hess, King of Prussia, Pa., for appellants; Butera & Detwiler, King of Prussia, Pa., of counsel.

Philip M. Hammett, Eugene A. Spector, Nicholas E. Chimicles, Philadelphia, Pa., for appellees; Schnader, Harrison, Segal & Lewis, Philadelphia, Pa., of counsel.

Before SEITZ, Chief Judge, GIBBONS and GARTH, Circuit Judges.

SEITZ, Chief Judge.

Plaintiffs, stockholders in American Telephone and Telegraph Company ("AT&T"), brought a stockholders' derivative action in the Eastern District of Pennsylvania against AT&T and all but one of its directors. The suit centered upon the failure of AT&T to collect an outstanding debt of some $1.5 million owed to the company by the Democratic National Committee ("DNC") for communications services provided by AT&T during the 1968 Democratic...

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