FOGEL v. CHESTNUTT

Nos. 4, 5, Dockets 80-7800, 80-7804.

668 F.2d 100 (1981)

Rosalind FOGEL and Gerald Fogel, Plaintiffs-Appellees, v. George A. CHESTNUTT, Jr., John Currier, Warren K. Greene, Stanley L. Sabel, American Investors Corporation, and Chestnutt Corporation, Defendants-Appellants, and Frank G. Fowler, Jr., Richard W. Radcliffe, Francis L. Veeder, and American Investors Fund, Inc., Defendants.

United States Court of Appeals, Second Circuit.

Decided December 17, 1981.


Attorney(s) appearing for the Case

William E. Haudek, New York City (Pomerantz, Levy, Haudek & Block, New York City, Judah I. Labovitz, and Bruce G. Stumpf, New York City, of counsel), for plaintiffs-appellees, Rosalind Fogel and Gerald Fogel.

Walter L. Stratton, New York City (Donovan Leisure Newton & Irvine, Roger W. Kapp, Richard H. Sayler, Eugene S. R. Pagano, and Clendon H. Lee, New York City, of counsel), for defendants-appellants, George A. Chestnutt, Jr., Warren K. Greene, Stanley L. Sabel and American Investors Corp.

Robert J. Sisk, New York City (Hughes Hubbard & Reed, Norman C. Kleinberg and Margaret G. Sokolov, New York City, of counsel), for defendant-appellant, John Currier.

Before FEINBERG, Chief Judge, and FRIENDLY and MESKILL, Circuit Judges.


FRIENDLY, Circuit Judge:

In Fogel v. Chestnutt, 533 F.2d 731 (2 Cir. 1975)(Fogel I), cert. denied, 429 U.S. 824, 97 S.Ct. 77, 50 L.Ed.2d 86 (1976), we reversed a judgment of Judge Wyatt in the District Court, 383 F.Supp. 914, for the Southern District of New York which dismissed on the merits a derivative action in which two stockholders...

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