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HALPERN v. ARMSTRONG

No. 77 CIV. 2781 (MP).

491 F.Supp. 365 (1980)

Marc HALPERN, Plaintiff, v. Robert W. ARMSTRONG, Jay I. Bennett, Irving J. Bottner, Jacob Burns, Benjamin J. Buttenweiser, Sol Levine, Aileen Mehle, Harry Meresman, Simon H. Rifkind, John H. Williford, Paul P. Woolard, Mark D. Soroko, Victor J. Barnett, Harry Meresman and Simon H. Rifkind as Executors of the Estate of Charles Revson, and Revlon, Inc., Defendants.

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

May 28, 1980.

Attorney(s) appearing for the Case

Garwin & Bronzaft, New York City, by Sidney L. Garwin, Bertram Bronzaft, Bruce E. Gerstein, New York City, for plaintiff.

Paul, Weiss, Rifkind, Wharton & Garrison, New York City, by Jay H. Topkis, M. Tracy Sillerman, New York City, for individual defendants.

Parker, Auspitz, Neesemann & Delehanty, New York City, by Jack C. Auspitz, New York City, for defendant Revlon.

DECISION AND OPINION

MILTON POLLACK, District Judge.

This derivative action against Revlon, Inc. and its directors has been submitted for judgment as to liability on stipulated facts. Jurisdiction is posited on diversity and on questions arising under the federal securities laws.

In a stipulation entered into by the parties on April 9, 1979, and filed on June 22, 1979, it was agreed that "this action shall be adjudicated with the same force and effect...

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