Civ. A. No. 87-0371-R.

668 F.Supp. 520 (1987)

Robert SMITH, Plaintiff, v. Melvin J. GORDON, et al., Defendants.

United States District Court, E.D. Virginia, Richmond Division.

September 1, 1987.

Attorney(s) appearing for the Case

Richard S. Glasser, Stephen Wainger, Glasser & Glasser, Norfolk, Va., Robert P. Sugarman, New York City, for Robert Smith.

Robert F. Brooks, Robert M. Rolfe, Hunton & Williams, Richmond, Va., for Daniel Ross & Charles Seibert.

R. Harvey Chappell, Jr., Michael L. Soffin, Paul W. Jacobs, II, Christian, Barton, Epps, Brent & Chappell, Richmond, Va., Thomas H. Morsch, William F. Lloyd, Richard B. Kapnick, Sidley & Austin, Chicago, Ill., for Melvin Gordon, Ellen Gordon, William Touretz and Tootsie Roll Industries, Inc.


SPENCER, District Judge.

Plaintiff is a shareholder of defendant Tootsie Roll Industries, Inc. ("Tootsie Roll"). The other defendants are members of Tootsie Roll's Board of Directors ("the Board"). Plaintiff, by Verified Complaint, brings this shareholder derivative action in response to the defendants' plan to introduce a "Class B" category of stock. The matter is currently before the Court on defendants' motion to dismiss for plaintiff...

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