O'CONNOR & ASSOCIATES, an Illinois Limited Partnership, individually and on behalf of all others similarly situated, Plaintiffs,
v.
DEAN WITTER REYNOLDS, INC., et al., Defendants.
United States District Court, S.D. New York.https://leagle.com/images/logo.png
March 25, 1983.
March 25, 1983.
Attorney(s) appearing for the Case
Coffield, Ungaretti, Harris & Slavin, Chicago, Ill., for plaintiff O'Connor & Associates; Robin J. Omahana, Chicago, Ill., of counsel.
Jackson & Nash, New York City, for defendant DWRI Inc. and certain of its employees; Christopher S. Rooney, New York City, of counsel.
Shearman & Sterling, New York City, McCutchen, Doyle, Brown & Enersen, San Francisco, Cal., for defendants Thomas C. Reed and Quaker Hill Development Corp.; Robert F. Dobbin, Kathleen M. Comfrey, New York City, David M. Balabanian, Michael J. Plishner, Stephen B. Yoken, San Francisco, Cal., of counsel.
Lukens, St. Peter & Cooper, San Francisco, Cal., for defendant William W. Goldberg; William M. Lukens, Martha Rosenberg, San Francisco, Cal., of counsel.
Townsend & Arnason, New York City, for defendant Frank M. Woods; J. Kenneth Townsend, Jr., New York City, of counsel.
United States District Court, S.D. New York.
LASKER, District Judge.
On March 5, 1981 the board of directors of Amax, Inc. ("Amax") publicly announced that Amax had received a merger proposal from Standard Oil of California ("Socal"), and simultaneously announced that Amax had decided to reject the offer.1 The announcement triggered a substantial rise both in the price of Amax stock and of various series of options on Amax stock. O'Connor...
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