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TYCO LABORATORIES, INC. v. KIMBALL

Civ. A. No. 77-853.

444 F.Supp. 292 (1977)

TYCO LABORATORIES, INC. and AMBG Corp. derivatively on behalf of and for the benefit of Leeds & Northrup Company v. David T. KIMBALL, Jr., Stephen Loidl, Jr., Ogden C. Johnson, John F. Lubin, Richard L. Petritz, John R. Selby, James Skinner, Cutler-Hammer, Inc., and Leeds & Northrup Company.

United States District Court, E. D. Pennsylvania.

October 12, 1977.

Attorney(s) appearing for the Case

Gregory M. Harvey, Philadelphia, Pa., for plaintiffs.

Arlen Specter, Richard S. Seltzer, Robert C. Heim, Philadelphia, Pa., for Kimball, Loidl and Leeds & Northrup.

Peter Hearn, Philadelphia, Pa., for Johnson, Lubin, Petritz, Selby & Skinner.

Edith G. Laver, Lawrence Z. Shiekman, Philadelphia, Pa., Jan E. DuBois, Philadelphia, Pa., for Cutler-Hammer, Inc.

MEMORANDUM AND ORDER

NEWCOMER, District Judge.

The present motions presented by the defendants request dismissal of plaintiffs' amended complaint for failure to state a claim upon which relief can be granted. Plaintiffs, in this derivative action on behalf of Leeds & Northrup Company (Leeds), filed an amended complaint alleging that the defendants violated Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b), Rule 10b-5, 15 C...

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