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GENERAL ELEC. CO. v. BUCYRUS-ERIE CO.

No. 81 Civ. 6360(CES).

550 F.Supp. 1037 (1982)

The GENERAL ELECTRIC COMPANY, p.l.c., the English Electric Company Limited, and Ruston & Hornsby Limited, individually and on behalf of Ruston-Bucyrus Limited, Plaintiffs, v. BUCYRUS-ERIE COMPANY and Ruston-Bucyrus Limited, Defendants.

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

October 22, 1982.

Attorney(s) appearing for the Case

David Boies, Cravath, Swaine & Moore, New York City, for plaintiffs.

William E. Jackson, Milbank, Tweed, Hadley & McCloy, New York City, for defendants.

MEMORANDUM DECISION

STEWART, District Judge:

Plaintiffs are corporations organized under the laws of the United Kingdom and are minority shareholders of defendant Ruston-Bucyrus, likewise a British corporation. They bring this action both individually and derivatively for alleged wrongs which they contend violate both the antitrust laws of the United States and also certain fiduciary duties owed them by defendant Bucyrus-Erie, the majority shareholder in...

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