COTTLE v. HILTON HOTELS CORP.

No. 85 C 4610.

635 F.Supp. 1094 (1986)

Robert COTTLE, individually, and in a derivative capacity on behalf of Hilton Hotels Corporation, Plaintiff, v. HILTON HOTELS CORPORATION, a Delaware corporation, and Barron Hilton, as Chairman, President and Chief Executive Officer and as a Director of Hilton Hotels Corporation, William H. Edwards, as President and as a Director, Henri Lewin, as Executive Vice President, E.T. Applegate, as Senior Vice President and Secretary, Maurice J. Scanlon, as Senior Vice President and Treasurer, James E. Garrett, as Vice President, Paul D. Buckley, as Vice President and as General Manager, Willard C. Howard, as Vice President and James E. Bates, Benjamin V. Lambert, Thomas R. Wilcox, Frank G. Wangeman, Sam D. Young, Jr., Gregory R. Dillon, John V. Giovenco, respectively as Directors of Hilton Hotels Corporation, Defendants.

United States District Court, N.D. Illinois, E.D.

April 17, 1986.


Attorney(s) appearing for the Case

Marshall Patner, Robert A. Holstein, Frederic F. Brace, Jr., Chicago, Ill., for plaintiffs.

Sheldon Karon, Lawrence A. Wojcik, Karon, Morrison & Savikas, Ltd., Chicago, Ill. and E. Norman Veasey, R. Franklin Balotti, Allen M. Terrell, Jr., Gregory V. Varallo, Richards Layton & Finger, Wilmington, Del., for defendant Hilton Hotels Corp.

Phil C. Neal, Ralph T. Russell, Jr., George M. Hoffman, Friedman & Koven, Chicago, Ill., for individual defendants.


MEMORANDUM OPINION AND ORDER

ASPEN, District Judge:

Plaintiff Robert Cottle filed this shareholder's derivative suit on behalf of Hilton Hotels Corporation ("Hilton") against nominal defendant Hilton and several officers and directors of Hilton ("the individual defendants") based on allegations that the individual defendants engaged in transactions surrounding the construction and eventual sale of a New Jersey casino and hotel which constituted a breach...

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