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ABBEY v. CONTROL DATA CORP.

Civ. No. 4-78-187.

460 F.Supp. 1242 (1978)

Arthur N. ABBEY, on behalf of himself and on behalf of all shareholders of Control Data Corporation, derivatively, Plaintiff, v. CONTROL DATA CORPORATION et al., Defendants.

United States District Court, D. Minnesota, Fourth Division.

December 7, 1978.

Attorney(s) appearing for the Case

Floyd E. Boline, Chestnut, Brooks & Burkard, Minneapolis, Minn., and Gene Mesh, Gene Mesh Co. L. P. A., Cincinnati, Ohio, for plaintiff.

Richard G. Lareau, Oppenheimer, Wolff, Foster, Shepard & Donnelly, Minneapolis, Minn., and Daniel M. Gribbon and Charles Lister, Covington & Burling, Washington, D. C., for defendant Control Data Corporation.

Gerald E. Magnuson, Lindquist & Vennum, Minneapolis, Minn., for individual defendants.

MEMORANDUM & ORDER

DEVITT, Chief Judge.

This shareholders' derivative action stems from illegal payments admittedly made by the Control Data Corporation (CDC) to foreign governments during the period of 1967 to 1976. On April 26, 1978, CDC pled guilty to criminal charges brought by the United States as a result of the illegal payments, and $1,381,000.00 in criminal and civil penalties were levied against, and paid by, CDC. No individual directors or...

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