STROMFELD v. GREAT ATLANTIC & PAC. TEA CO., INC.

No. 79 Civ. 3476 (HFW).

484 F.Supp. 1264 (1980)

Edgar STROMFELD et ano., Plaintiffs, v. The GREAT ATLANTIC & PACIFIC TEA COMPANY, INC., et al., Defendants.

United States District Court, S. D. New York.

February 21, 1980.


Attorney(s) appearing for the Case

Phillips, Nizer, Benjamin, Krim & Ballon, New York City, by Ira B. Rose, Michael Dore, Ronald Levine, New York City, of counsel and Schwartzberg, Barnett & Cohen, Chicago, Ill., by Hugh J. Schwartzberg, Chicago, Ill., of counsel, for plaintiffs.

Cravath, Swaine & Moore, New York City, for defendants Tengelmann Warenhandelsgesellschaft, TN Delaware Inc., Erivan Karl Haub, Helga Haub, Henry W. Van Baalen, Dr. Jur. Wilfrid Vogt and Rosemarie Baumeister by Samuel C. Butler, Robert D. Joffe, David E. Massengill, New York City, of counsel.

Cahill, Gordon & Reindel, New York City, for defendants Dillon Read & Co., Jonathan L. Scott, David W. Morrow and Allan A. Feder by Thomas F. Curnin, Robert C. Meade, Jr., New York City, of counsel.

Windels, Marx, Davies & Ives, New York City, for defendant Rachel Carpenter by J. Daniel Mahoney, Barbara J. Schmidt, New York City, of counsel.

Whitman & Ranson, New York City, for defendants The John A. Hartford Foundation, Inc. and Leonard Dalsemer by P. M. O'Connor, Jr., Michael S. Press, New York City, of counsel.

Barrett, Smith, Schapiro, Simon & Armstrong, New York City, for defendants The McIntosh Foundation and Michael A. McIntosh by Warren H. Colodner, Morton E. Grosz, Joel M. Gross, New York City, of counsel.

Dunnington, Bartholow & Miller, New York City, for defendants Josephine H. Bryce, The Bryce Foundation, The Mill River Stud Corp., The Marie Josephine Hartford Foundation and Walter G. Dunnington, Jr. by William M. Bradner, Jr., Steven E. Lewis, New York City, of counsel.


OPINION

WERKER, District Judge.

This action was commenced by the plaintiffs Edgar Stromfeld and Sol Zisook against 22 defendants for alleged violations of sections 10(b), 13(d), 14(d), 18(a) and 20(a) and (b) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78j(b), 78m(d), 78n(d), 78r(a) and 78t(a) and (b), the rules and regulations promulgated thereunder, the statutory law of Maryland, and principles of common law. All of the defendants except...

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