David and Dorothy STEINBERG, on behalf of themselves and all others similarly situated, Plaintiffs,
v.
William Polk CAREY, John L. Gibbons, Estate of Robert M. Morgan, William S. Renchard, Fred R. Sullivan, James R. Webb, Peter C. R. Huang, James V. Tomai, Jr., C. I. Realty Investors, City Investing Company, C. I. Planning Corporation, Reynolds Securities Inc., and duPont Glore Forgan Incorporated, Defendants.
Irving MASON, on behalf of himself and all others similarly situated, and derivatively on behalf of C. I. Realty Investors, Plaintiff,
v.
CITY INVESTING COMPANY, C. I. Realty Investors, C. I. Planning Corporation, William Polk Carey, John L. Gibbons, Peter C. R. Huang, James V. Tomai, Jr., Estate of Robert M. Morgan, William S. Renchard, Fred R. Sullivan, James R. Webb and Reynolds Securities Inc., Defendants.
United States District Court, S. D. New York.https://leagle.com/images/logo.png
April 20, 1979.
April 20, 1979.
Attorney(s) appearing for the Case
Greenfield & Schoen, Bala Cynwyd, Pa. (Richard D. Greenfield, Sterling H. Schoen, Jr., Robert P. Frutkin, Gilbert F. Ashley, Bala Cynwyd, Pa., of counsel), Norwick, Raggio, Jaffe & Kayser, New York City, for plaintiffs.
Kissam, Halpin & Genovese, New York City (Leo T. Kissam, James G. Simms, Peter J. Dranginis, Jr., New York City, of counsel), for defendant C. I. Realty Investors.
Davis Polk & Wardwell, New York City (S. Hazard Gillespie, Mark L. Austrian, James L. Kerr, Andrew C. Jacobs, New York City, of counsel), for defendants City Investing Company, C. I. Planning Corp., John L. Gibbons, James V. Tomai, Jr., and Peter C. R. Huang.
Dewey, Ballantine, Bushby, Palmer & Wood, New York City (Hugh N. Fryer, M. Pat Adamski, John J. Langhauser, New York City, of counsel), for defendants Dean Witter Reynolds Inc. and duPont Glore Forgan Inc.
Skadden, Arps, Slate, Meagher & Flom, New York City (Kurt Koegler, Anthony J. Siano, New York City, of counsel), for defendants Fred R. Sullivan, James R. Webb, William S. Renchard, William Polk Carey and the Estate of Robert M. Morgan.
United States District Court, S. D. New York.
OPINION
EDWARD WEINFELD, District Judge.
This is a motion made upon published and direct mail notice to all beneficial owners on and before February 1, 1975 of the shares and warrants of C. I. Realty Investors (the "Trust"), a real estate investment trust, ("REIT"), for approval of a proposed class action settlement entered into between plaintiffs and defendants. The gross amount of the settlement is $925,000 subject to deductions noted hereafter. Upon the...
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