FOLTZ v. U.S. NEWS & WORLD REPORT, INC.

Civ. A. No. 84-0447.

627 F.Supp. 1143 (1986)

Charles S. FOLTZ, et al., Plaintiffs, v. U.S. NEWS & WORLD REPORT, INC., et al., Defendants.

United States District Court, District of Columbia.

January 15, 1986.


Attorney(s) appearing for the Case

Alan Raywid, John D. Seiver, Susan P. Baxter, Cole, Raywid & Braverman, Washington, D.C., for plaintiffs: (Foltz, Handleman, Price, Williamson).

Richard J. Leighton, Avis Black, Washington, D.C., for Save the Fund.

Leslie A. Nicholson, Jr., Hannah E.M. Lieberman, Thomas J. Catliota, Washington, D.C., for defendants: (U.S. News, Madana Realty).

Lawrence Latto, William Galeota, Julie Melamud, Shea & Gardner, Washington, D.C., for Profit-Sharing Plan & Current Plan Committee.

Richard J. Wertheimer, Hadrian Katz, Edward Wolf, Washington, D.C., for defendants: (Directors).

Willis B. Snell, Willard K. Tom, Steuart H. Tomsen, Washington, D.C., for defendant: (The American Appraisal Co.).


MEMORANDUM OPINION

BARRINGTON D. PARKER, Senior District Judge:

This class action suit is brought against U.S. News & World Report magazine ("U.S. News" or "Company") by a group of its former employees who terminated their employment during the period from 1974 through 1981.1 The litigation was triggered by the sale, in October 1984, of U.S. News to real estate magnate...

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