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FOX v. MGM GRAND HOTELS, INC.

Docket No. 65315.

137 Cal.App.3d 524 (1982)

187 Cal. Rptr. 141

LEONARD FOX, Plaintiff and Appellant, v. MGM GRAND HOTELS, INC., et al., Defendants and Respondents.

Court of Appeals of California, Second District, Division Four.

November 19, 1982.

Attorney(s) appearing for the Case

COUNSEL

Alschuler, Grossman & Pines, Marshall B. Grossman, Robert A. Shlachter, Terri Towery and Karen Kaplowitz for Plaintiff and Appellant.

Wyman, Bautzer, Rothman, Kuchel & Silbert, Terry Christensen, J. Jay Rakow and Maria Echaveste for Defendants and Respondents.

OPINION

KINGSLEY, Acting P.J.

Plaintiff brought a class action on behalf of the holders of unsecured debentures issued by Metro-Goldwyn-Mayer, Inc. (MGM), the predecessor of defendants MGM Grand Hotels, Inc. (Hotels) and Metro-Goldwyn-Mayer Film Company (Film Co.). In 1980, several years after the debentures were issued, MGM decided to divide its business into two separate corporations — one to operate the hotel business and...

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