GRANADA INVESTMENTS, INC. v. DWG CORP.

Nos. 91-3297, 91-3343, 91-3399, 91-3402 and 91-3407.

962 F.2d 1203 (1992)

GRANADA INVESTMENTS, INC., Plaintiff-Appellee, v. DWG CORPORATION, et al., Defendants-Appellees. DWG CORPORATION, Counterplaintiff and Third-Party Plaintiff-Appellee, v. GRANADA INVESTMENTS, INC., et al., Counterdefendants and Third-Party Defendants-Appellees, Fairview Financial Corporation, G.H. Enterprises, Inc., Peter F. Pellulo, Global Financial Corporation, and Leonard Pellulo (91-3407/3399), Third-Party Defendants-Appellants, George P. Hellhake, Jessie B. Hellhake, and Paul R. Hellhake (91-3407/3399), EGS Limited Partnership, Patrick C. Cestaro, and Irving G. and Benice Brilliant (91-3297/3343/3402), Objecting Shareholders-Appellants.

United States Court of Appeals, Sixth Circuit.

Decided April 30, 1992.


Attorney(s) appearing for the Case

David B. Cathcart, Eli Manos (argued), Mansour, Gavin, Gerlack & Manos, Cleveland, Ohio, for defendants-appellees.

Dennis J. Block (argued and briefed), Irwin H. Warren, Weil, Gotshal & Manges, New York City, Eli Manos, Mansour, Gavin, Gerlack & Manos, Norman S. Jeavons (briefed), Wayne C. Dabb, Thomas H. Shunk, Baker & Hostetler, Cleveland, Ohio, Lawrence A. Blatte, Kevin P. Groarke, Martin Rosen, Henry W. Hocherman, Rosen & Reade, New York City, Daniel P. Mascaro, Cleveland, Ohio, Paul P. Eyre, Cleveland Heights, Ohio, John P. Witri, Lakewood, Ohio, for DWG Corp.

Frances F. Goins, Stacy D. Ballin, Alan P. Buchmann, Squire, Sanders & Dempsey, Eli Manos, Mansour, Gavin, Gerlack & Manos, Cleveland, Ohio, for Granada Investments, Inc., et al.

Anthony G. Covatta (argued and briefed), Graydon, Head & Ritchey, Cincinnati, Ohio, for third-party defendants-appellants and George P. and Jessie B. Hellhake.

T.S.L. Perlman (argued and briefed), Leonard Egan, Fort & Schlefer, Washington, D.C., for Irving G. and Benice Brilliant.

Benito Romano (argued and briefed), Willkie, Farr & Gallagher, New York City, Carrie A. Foliano, Janik, Lester & Dunn, Cleveland, Ohio, for EGS Ltd. Partnership.

Before: RYAN and SUHRHEINRICH, Circuit Judges, and CHURCHILL, Senior District Judge.


SUHRHEINRICH, Circuit Judge.

Granada Investments, Inc. offered DWG Corporation $572 million in an effort to merge the two companies. DWG declined the offer. What followed reflects both the complexity of securities lawsuits and the appetite for litigation exhibited by the parties.

Granada, beneficial owner of more than 5% of DWG's issued and outstanding common stock, brought a derivative suit against DWG and its directors, including Victor Posner. Posner is...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases