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POLIN v. CONDUCTRON CORP.

Nos. 72 C 244(2), 72 C 245(2).

411 F.Supp. 698 (1976)

Howard POLIN on behalf of himself and on behalf of all other similarly situated shareholders of Conductron Corporation and derivatively, on behalf of Conductron Corporation, Plaintiff, v. CONDUCTRON CORPORATION et al., Defendants.

United States District Court, E. D. Missouri, E. D.

January 23, 1976.

Attorney(s) appearing for the Case

Edward F. Mannino, Dilworth, Paxson, Kalish, Levy & Coleman, Harold E. Kohn, Philadelphia, Pa., Robert S. Allen, Lewis, Rice, Tucker, Allen & Chubb, St. Louis, Mo., for plaintiff.

Richmond C. Coburn and John C. Shepherd of Coburn, Croft, Shepherd & Herzog, St. Louis, Mo., Robert V. Seymour and Paul R. Trigg, Jr. of Dykema, Gossett, Spencer, Goodnow & Trigg, Detroit, Mich., for defendants Louis J. Cutrona, R. A. Olsen, Wm. D. Prosnitz, Keeve M. Siegel and Richard D. Mange.

Veryl L. Riddle and Bryan, Cave McPheeters & McRoberts, St. Louis, Mo., for McDonnell Douglas Corp., Conductron Corp. and certain other defendants.

Robert L. Pratter, Duane, Morris & Heckscher, Philadelphia, Pa., for Conductron Corp.

Veryl L. Riddle, St. Louis, Mo., and Donald A. Scott, Philadelphia, Pa., for defendants.

MEMORANDUM OPINION AND ORDER

REGAN, District Judge.

This action filed by Howard Polin, a shareholder of Conductron Corporation, was transferred to this Court from the Eastern District of Pennsylvania.1

The consolidated amended complaint charges defendants with various violations of the Securities Exchange Act of 1934 and regulations thereunder as well as with breaches of fiduciary duties owing by them under Delaware law...

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