ISSEN v. GSC ENTERPRISES, INC.

Nos. 74 C 0346, 74 C 2215.

538 F.Supp. 745 (1982)

Phillip ISSEN, on behalf of himself and all others similarly situated, and Derivatively on behalf of GSC Enterprises, Inc., Plaintiffs, v. GSC ENTERPRISES, INC., the Bank of Lincolnwood Steinway Drug Company, Ford Hopkins Company, Richard Goodman, Samuel Bergman, Egmont Sonderling, Walter Goodman, Erwin Horwitz, Mason Loundy, Raymond Eiden, Edward Gorenstein, Marshall D. Lieb and Haig Pedian, Defendants. Seymour ABRAMS, individually and on behalf of himself and all other persons similarly situated, and Derivatively on behalf of GSC Enterprises, Inc. and the shareholders thereof, Plaintiffs, v. GSC ENTERPRISES, INC., a corporation, the Bank of Lincolnwood, a corporation, Miller, Cooper & Company, a partnership, Richard Goodman, Walter Goodman, Samuel Bergman, Egmont Sonderling, Erwin Horwitz, Mason Loundy, Raymond Eiden, Edward Gorenstein, Marshall D. Lieb, Haig Pedian, Raymond Eiden, Clyde Wm. Engle, Roger L. Weston, Sierra Capital Group, a limited partnership, the Trustees of the Janice L. Engle Children's Trust, Michael D. Coughlin, William N. Weaver, Jr., and Ronald K. Zuckerman, Defendants.

United States District Court, N. D. Illinois, E. D.

April 29, 1982.


Attorney(s) appearing for the Case

Aram Hartunian, Pressman & Hartunian, Chicago, Ill., for plaintiffs.

Margaret Maxwell, Hubachek, Kelly, Rauch & Kirby, Jack L. Block, Sachnoff, Schrager, Jones, Weaver & Rubenstein, Ltd., Robert S. Milnikel, Peterson, Ross, Schloerb & Seidel, Chicago, Ill., for defendants.


MEMORANDUM OPINION AND ORDER

ASPEN, District Judge:

Eight years have elapsed since this litigation commenced between plaintiffs Phillip Issen ("Issen") in 74 C 0346, Seymour Abrams ("Abrams") in 74 C 2215, and a host of corporate and individual defendants related to GSC Enterprises, Inc. ("GSC") and its wholly-owned subsidiaries. A detailed review of the substance and progress of this securities litigation can be found in this Court's prior opinions.

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