SHLENSKY v. DORSEY

Nos. 77-1156, 77-1157, 77-1158.

574 F.2d 131 (1978)

William SHLENSKY et al., Plaintiffs-Appellants, v. B. R. DORSEY, Charles M. Beeghley, Z. D. Bonner, E. D. Brockett, R. Hal Dean, James H. Higgins, James E. Lee, Beverley Matthews, Nathan W. Pearson, Edwin Singer, Edward B. Walker, III, James H. Walton, Fred Deering, Claude C. Wild, Jr., Royce H. Savage, William C. Viglia, William L. Henry, Herbert C. Manning, Zane Q. Johnson, Price Waterhouse & Company and Gulf Oil Corporation, Defendants. Appeal of PROJECT ON CORPORATE RESPONSIBILITY, INC., Objecting Shareholder. Appeal of Pat S. HOLLOWAY, Objecting Shareholder.

United States Court of Appeals, Third Circuit.

Decided March 6, 1978.

Rehearing Denied April 17, 1978.

As Amended May 19, 1978.


Attorney(s) appearing for the Case

Nancy Gertner, Silverglate, Shapiro & Gertner, Boston, Mass., Howard A. Specter, Litman, Litman, Harris & Specter, Pittsburgh, Pa., for plaintiffs.

James D. Morton, Buchanan, Ingersoll, Rodewald, Kyle & Buerger, Pittsburgh, Pa., for Price Waterhouse & Co.

Joseph D. Gebhardt, Washington, D. C., for Project on Corporate Responsibility, Inc., Objecting Shareholder.

Pat S. Holloway, pro se.

Edwin L. Klett, Eckert, Seamans, Cherin & Mellott, Pittsburgh, Pa., for Gulf Oil Corp., et al.

Before GARTH and MARIS, Circuit Judges, and MEANOR, District Judge.


OPINION OF THE COURT

MARIS, Circuit Judge.

We are here presented with three appeals from orders of the District Court for the Western District of Pennsylvania terminating a consolidated derivative suit which had been brought by shareholders of Gulf Oil Corporation (herein "Gulf"). At our No. 77-1156 the plaintiffs appeal from the district court's order entered November 18, 1976, dismissing Price Waterhouse &...

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