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BERGMAN v. BRAININ

Civ. A. No. 80-485.

512 F.Supp. 972 (1981)

Bernard S. BERGMAN et al., Plaintiffs, v. Harry BRAININ et al., Defendants.

United States District Court, D. Delaware.

April 20, 1981.

Attorney(s) appearing for the Case

William T. Allen of Morris, Nichols, Arsht & Tunnell, Wilmington, Del., for plaintiffs Bernard S. Bergman, Thomas C. Bogart, Stephen D. Bonjour, Allan Gunn, Louis Katz, David H. Solms and Walter F. Wetzel; Carl W. Schneider, Bernard M. Borish, and David F. Simon of Wolf, Block, Schorr & Solis-Cohen, Philadelphia, Pa., of counsel.

William Prickett and Vernon R. Proctor of Prickett, Jones, Elliott, Kristol & Schnee, Wilmington, Del., for defendants Harry Brainin, Robert J. Bond, Jr., Albert Greene, John F. Guy and Chatham Corp.; George B. Collins of Collins & Amos, Chicago, Ill., of counsel.

OPINION

CALEB M. WRIGHT, Senior District Judge.

Plaintiff shareholders have sued Chatham Corporation ("Chatham") and certain of its past and present executive officers and directors on behalf of themselves, the Chatham Shareholders Protective Committee, and derivatively on behalf of Chatham for violation of federal securities laws and Delaware common law fiduciary duties of corporate officers and directors not...

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