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MAHER v. ZAPATA CORP.

No. 81-2261.

714 F.2d 436 (1983)

John F. MAHER, et al., Plaintiffs-Appellees, v. ZAPATA CORPORATION, et al., Defendants-Appellees, v. William MALDONADO, Objector-Appellant.

United States Court of Appeals, Fifth Circuit.

September 12, 1983.

Attorney(s) appearing for the Case

Bruce E. Gerstein, New York City, for objector-appellant.

Jess Homer Hall, Jr., Houston, Tex., for Maher, et al.

John L. McConn, Jr., Richard A. Sheehy, Houston, Tex., Thomas F. Curnin, Thomas J. Kavaler, New York City, for Zapata.

Robert A. Hall, Houston, Tex., for First City Nat. Bk. of Houston.

John Held, Michael Paul Graham, Houston, Tex., for Gueymard, Israel, Lassiter, Mackin, Shiels & Wall.

Before GOLDBERG, WILLIAMS and GARWOOD, Circuit Judges.

GARWOOD, Circuit Judge:

This is an appeal by William Maldonado, a Zapata Corporation stockholder, from a judgment approving settlement of a shareholders' derivative action brought by other shareholders on behalf of Zapata Corporation against several of its past and present officers and directors based upon their alleged violations of the federal securities laws and state corporate law.

The principal questions are...

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