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GREENFIELD v. HAMILTON OIL CORP.

No. 86CA0932.

760 P.2d 664 (1988)

Harvey GREENFIELD and Robert Kelce, suing derivatively on behalf of Hamilton Oil Corporation, Plaintiffs-Appellants, v. HAMILTON OIL CORPORATION, Frederic C. Hamilton, Pehr G. Gyllenhammar, Ulf G. Linden, P. David Mantor, J.A. Precourt, John W.R. Sutcliffe, Peter Matthews, Anthony J.A. Bryan, Charles C. Gates, Robert A. Henderson, Robert M. Jenny, Howard M. Love, and Robert G. Stone, Jr., Defendants-Appellees.

Colorado Court of Appeals, Div. IV.

July 21, 1988.

Attorney(s) appearing for the Case

Predovich, Ward & Banner, Walter Predovich, Lester L. Ward, Pueblo, Moye, Giles, O'Keefe, Vermeire & Gorrell, John E. Moye, Charles F. Luce, Jr., Bader & Villanueva, P.C., Gerald L. Bader, Jr., Jeffrey M. Villanueva, Denver, for plaintiffs-appellants.

Baker & Hostetler, James A. Clark, Thomas Overton, Denver, Shearman & Sterling, W. Foster Wollen, William J.F. Roll, III, New York City, for defendants-appellees Ulf G. Linden and Pehr G. Gyllenhammar.

Kirkland & Ellis, Bruce A. Featherstone, Scott R. Bauer, Mark E. Gebauer, Denver, for defendant-appellee Hamilton.

CRISWELL, Judge.

Harvey Greenfield and Robert Kelce, plaintiffs, appeal from the summary judgment dismissing their stockholders' derivative suit against the defendant, Hamilton Oil Corporation (HOC), and all of the members of its board of directors. The judgment of the trial court was apparently based upon the fact that a "special litigation committee" of HOC had investigated plaintiffs' claims and had determined that they lacked merit and that it would not be in...

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