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GOLDSHOLL v. SHAPIRO

No. 75 Civ. 3361(MP).

417 F.Supp. 1291 (1976)

Saul GOLDSHOLL, Plaintiff, v. James J. SHAPIRO et al., Defendants.

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

August 2, 1976.

Attorney(s) appearing for the Case

Garwin & Bronzaft, New York City, by Sidney Garwin, and Bertram Bronzaft, New York City, for plaintiff.

Paskus, Gordon & Hyman, New York City, by Robert R. Slaughter, New York City, for defendant (Simplicity Pattern Co., Inc.).

Paul, Weiss, Rifkind, Wharton & Garrison, New York City, by Jay Topkis, and Max Gitter, New York City, for defendants (James J. Shapiro, Affinito, Cooper, Hess, Kenzer, Lund, Macbain, Pilson, Schwartz, and Robert M. Shapiro).

OPINION

POLLACK, District Judge.

The parties to this stockholder's derivative action against certain officers and directors of Simplicity Pattern Co., Inc. (hereafter "Simplicity") have submitted a proposed settlement to the Court for approval pursuant to Rule 23.1, Fed.R.Civ.P.

Hearings on the settlement, at which only its proponents were represented in person, were held on April 28, 1976, July 1, 1976, and July 23, 1976. A long time stockholder...

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