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ASHARE v. BRILL

No. 81 Civ. 7094 (JES).

560 F.Supp. 18 (1983)

Stanley ASHARE, as Custodian for Elizabeth Ashare and Carolyn Ashare, Plaintiff, v. Daniel H. BRILL, Joseph S. Dimartino, Virginia A. Dwyer, Martin D. Fife, Whitney I. Gerard, Dr. Jonas E. Salk, Howard Stein, The Dreyfus Corporation, and Dreyfus Liquid Assets, Inc., Defendants.

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

March 17, 1983.

Attorney(s) appearing for the Case

Pincus, Ohrenstein, Bizar, D'Alessandro & Solomon, New York City, for plaintiff.

Stroock & Stroock & Lavan, New York City, for defendants Daniel H. Brill, Virginia A. Dwyer, Martin D. Fife, Whitney I. Gerard, Dr. Jonas E. Salk, and Dreyfus Liquid Assets, Inc.; Laurence Greenwald, Bruce H. Schneider, New York City, of counsel.

Rogers & Wells, New York City, for defendants The Dreyfus Corp., Joseph S. DiMartino and Howard Stein; William P. Rogers, Stanley Godofsky, P.C., James N. Benedict, New York City, of counsel.

OPINION AND ORDER

SPRIZZO, District Judge.

Plaintiff, a shareholder of Dreyfus Liquid Assets, Inc. (the "Fund"),1 commenced this shareholder derivative action against the Fund,2 its directors, and the Fund's investment adviser, Dreyfus Corporation (the "Adviser"), alleging that management fees paid by the Fund to the Adviser since November 16, 1980,3 were, are and will...

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