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SHULOF v. WESTINGHOUSE ELECTRIC CORPORATION

No. 75 Civ. 4371.

402 F.Supp. 1262 (1975)

George SHULOF, suing on behalf of himself and of all other persons similarly situated, Plaintiff, v. WESTINGHOUSE ELECTRIC CORPORATION, Defendant.

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

November 13, 1975.

Attorney(s) appearing for the Case

Edward Nathan, New York City, for plaintiff; Berthold H. Hoeniger, New York City, of counsel.

Rogers, Hoge & Hills, New York City, for defendant; John W. Douglas, Cyril V. Smith, Jr., Covington & Burling, Washington, D. C., of counsel.

LASKER, District Judge.

George Shulof brought this class action claiming that Westinghouse Electric Corporation perpetrated a fraud on the market, in violation of § 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) and in breach of common law fiduciary duty owed by Westinghouse to its stockholders. In particular, Shulof alleges that from August 5, 1974 through December 27, 1974 Westinghouse represented...

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