M & R INV. CO., INC. v. FITZSIMMONS

Civ. No. LV 76-114 RDF.

484 F.Supp. 1041 (1980)

M & R INVESTMENT COMPANY, INC., Plaintiff, v. Frank C. FITZSIMMONS, Roy L. Williams, William Presser, Robert Holmes, Donald Peters, J. W. Morgan, Frank H. Ranney, Walter W. Teague, A. D. Matheson, Thomas J. Duffey, John Spickerman, Herman A. Lueking, Jr., J. A. Sheetz, William J. Kennedy, A. G. Massa, and Bernard A. Goldfarb, Trustees of the Central States, Southeast and Southwest Areas Pension Fund, Defendants, Former Trustees, Loran W. Robbins, Robert E. Schlieve, Earl L. Jennings, Jr., Marion M. Winstead, Harold J. Yates, Robert J. Baker, Howard McDougall, Thomas F. O'Malley and R. V. Pulliam, Defendants, Present Trustees, Ray Marshall, Intervenor Defendant.

United States District Court, D. Nevada.

As Amended March 11, 1980.


Attorney(s) appearing for the Case

Morton R. Galane, Melvin D. Close, Jr., of Jones, Jones, Bell, Close & Brown, Las Vegas, Nev., for witness, Lud J. Corrao of Corrao Const. Co., Andrew F. Puzder, St. Louis, Mo., Vargas, Bartlett & Dixon, Christopher L. Kaempfer, for plaintiff Morris Shenker.

Charles H. Miles, Jr., of Dickerson, Miles & Pico, Las Vegas, Nev., Alan M. Mund, Morton G. Rosen, George C. Rudolph, Fulop, Rolston, Burns & McKittrick, Beverly Hills, Cal., for defendants, former trustees.

Leslie Scherr, Thomas A. Wadden, Jr., William F. Krebs of Margolius, Davis & Finklstein, Washington, D. C., Stephen R. Harris, Reno, Nev., Ronald J. Guild, Teitelbaum, Wolfberg, Guild & Toback, Chicago, Ill., for defendants, present trustees.

U. S. Atty. B. Mahlon Brown by William C. Turner, Asst. U. S. Atty., Las Vegas, Nev., Richard P. Carr, David A. Reed, Norman P. Goldberg, Dept. of Labor, Washington, D. C., for intervenor defendant.


ORDER GRANTING MOTIONS FOR INVOLUNTARY DISMISSAL

ROGER D. FOLEY, Chief Judge.

PRELIMINARY STATEMENT

Plaintiff makes two claims for relief against the defendants, former Trustees of the Central States, Southeast and Southwest Areas Pension Fund:

First, in Count I, an equitable claim, seeking as a remedy specific performance of an allegedly breached loan contract made between plaintiff and the Pension Fund to loan plaintiff $40 million to...

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