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BIECHELE v. CEDAR POINT, INC.

No. 83-3389.

747 F.2d 209 (1984)

Mary A. BIECHELE, Executrix of the Estate of Dallas J. Biechele, Deceased; Linda A. Mitchell; Margaret Nickles; and Charles Nickles, Plaintiffs-Appellants, v. CEDAR POINT, INC.; S. Pearson and Son Limited; Whitehall Holdings Limited; Lazard Freres & Co.; Paul A. Dunn; Marvin Johnson; Emil A. Legrros, Jr.; Robert L. Munger, Jr.; James S. Reid, Jr.; George A. Roose; Richard S. Sheetz; Carl C. Tucker, Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

Decided November 8, 1984.

Attorney(s) appearing for the Case

Dennis E. Murray, Kirk J. Delli Bovi (argued), Murray & Murray Co., Sandusky, Ohio, for plaintiffs-appellants.

John E. Beerbower (argued), Cravath, Swaine & Moore, New York City, Thomas P. Mulligan, Jones, Day, Reavis & Pogue, Cleveland, Ohio, Edwin E. McAmis/Jerome S. Hirsch (argued), New York City, for defendants-appellees.

Before LIVELY, Chief Judge; ENGEL, Circuit Judge; and CELEBREZZE, Senior Circuit Judge.

LIVELY, Chief Judge.

This is an appeal by plaintiffs, shareholders and former shareholders of Cedar Point, Inc., an Ohio corporation (Cedar Point) from judgment for the defendants in an action claiming violation of federal securities laws. The complaint also contains pendent claims based on Ohio law relating to the fiduciary duties of corporate directors. The defendants are Cedar Point, its directors, two English corporations, S. Pearson and Son Limited and Whitehall...

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