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TBK PARTNERS, LTD. v. WESTERN UNION CORP.

No. 375, Docket 81-7523.

675 F.2d 456 (1982)

TBK PARTNERS, LTD., et al., Plaintiffs-Appellees, v. WESTERN UNION CORPORATION, et al., Defendants-Appellees. Frances D. Spier, et al., Objectors-Appellants.

United States Court of Appeals, Second Circuit.

Decided March 18, 1982.

Attorney(s) appearing for the Case

Edward J. Walsh, Jr., New York City (Morris Shilensky, Russell Ann Nobles, Edward F. Campbell, Jr., and Hays, St. John, Abramson & Heilbron, New York City, on the brief), for objectors-appellants.

Burton L. Knapp, New York City (Neil L. Selinger, and Lowey, Dannenberg & Knapp, New York City, on the brief), for plaintiffs-appellees.

Herbert M. Wachtell, New York City (Steven M. Barna, Theodore N. Mirvis, and Wachtell, Lipton, Rosen & Katz, New York City, on the brief), for defendants-appellees.

Before MANSFIELD and NEWMAN, Circuit Judges.

NEWMAN, Circuit Judge:

This is an appeal from a judgment of the District Court for the Southern District of New York (Milton Pollack, Judge), approving the settlement of a consolidated shareholder class and derivative action involving a dispute over a century-old lease. In 1882, the Gold and Stock Telegraph Company ("Gold & Stock") leased its entire private telegraph business to the Western Union Telegraph Company ("Western Union") for a period of 99 years in...

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