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GOLDSMITH v. RAWL

No. 89 Civ. 3990 (JES).

755 F.Supp. 96 (1991)

Moe GOLDSMITH and Blanche Goldsmith, Plaintiffs, v. Lawrence G. RAWL, et al., Defendants, and Exxon Corporation, Nominal Defendant.

United States District Court, S.D. New York.

January 29, 1991.

Attorney(s) appearing for the Case

Cohen, Shapiro, Polisher, Shiekman and Cohen (Judah I. Labovitz, Frances M. Visco, of counsel), Philadelphia, Pa., for plaintiffs.

Sullivan & Cromwell (William E. Willis, James H. Carter, Edward R. Gallion, Charles S. Sullivan, Kenneth M. Bialo, Robert D. Rippe, Jr., Law Dept., Exxon Corp., of counsel), New York City, for nominal defendant Exxon Corp.

Davis Polk & Wardwell (Henry L. King, Frank S. Moseley, Thomas P. Ogden, Cari S. Robinson, of counsel), New York City, for Nonmanagement Directors.

Shearman & Sterling (John E. Hoffman, Jr., Henry Weisburg, Lynette Kelly, of counsel), New York City, for Management Directors.

Satterlee Stephens Burke & Burke (Mark A. Fowler, Robert M. Callagy, New York City, Baker & Botts, Houston, Tex., of counsel), for defendant William Stevens.

Anderson Kill Olick & Oshinsky, P.C. (Mark L. Weyman, John H. Doyle III, New York City, Fisher, Gallagher, Perrin & Lewis, Houston, Tex., of counsel), for defendant Frank Iarossi.

MEMORANDUM OPINION AND ORDER

SPRIZZO, District Judge:

All defendants in the above-captioned action move for partial summary judgment dismissing counts I and II of plaintiffs' complaint. At Oral Argument of this motion on December 6, 1990 the Court reserved decision as to whether defendants are entitled to judgment as a matter of law dismissing plaintiffs' claims that the failure to disclose pending shareholder litigations arising out of the 1989 grounding...

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