BLASBAND ON BEHALF OF DANAHER CORP. v. RALES

Civ. A. No. 91-166-JLL.

772 F.Supp. 850 (1991)

Alfred BLASBAND, derivatively on Behalf of DANAHER CORPORATION, Plaintiff, v. Steven M. RALES, Mitchell P. Rales, and John Doe 1-10, Defendants, and Danaher Corporation, Nominal Defendant.

United States District Court, D. Delaware.

August 15, 1991.


Attorney(s) appearing for the Case

Jeffrey S. Goddess of Saul, Ewing, Remick & Saul, Wilmington, Del., and Stephen A. Whinston of Berger & Montague, P.C., Philadelphia, Pa., of counsel, for plaintiff.

Stephen P. Lamb and Jaya Gokhale Turner of Skadden, Arps, Slate, Meagher & Flom, Wilmington, Del., and Robert E. Zimet and Joseph Guglielmelli of Skadden, Arps, Meagher & Flom, New York City, of counsel, for defendants Steven M. and Mitchell P. Rales.

David C. McBride of Young, Conaway, Stargatt & Taylor, Wilmington, Del., for nominal defendant Danaher Corp.


OPINION

LATCHUM, Senior District Judge.

Plaintiff brings this shareholder's derivative action on behalf of Danaher Corporation ("Danaher") alleging breaches of fiduciary duties by defendants Steven M. Rales and Mitchell M. Rales (the "Rales brothers"), who are Chairman of the Board and President of Danaher, respectively, and directors of Easco Hand Tools, Inc. ("Easco"), now a wholly-owned subsidiary of Danaher. Also named as defendants, John Does 1-10,...

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