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KAHN v. VIRGINIA RETIREMENT SYSTEM

No. 92-1284.

13 F.3d 110 (1993)

Alan R. KAHN; Hunter A. Hogan, Jr., Plaintiffs-Appellants, v. VIRGINIA RETIREMENT SYSTEM; Systems Holdings, Incorporated; CSX Corporation; Richmond Fredericksburg and Potomac Corporation, Defendants-Appellees.

United States Court of Appeals, Fourth Circuit.

Decided December 23, 1993.

Attorney(s) appearing for the Case

Sidney B. Silverman, Silverman, Harnes, Obstfeld & Harnes, New York City, argued (Joan T. Harnes, Silverman, Harnes, Obstfeld & Harnes, New York City and Stephen T. Gannon, McSweeney, Burtch & Crump, P.C., Richmond, VA, on brief), for plaintiffs-appellants.

James E. Farnham, Hunton & Williams, Richmond, VA, argued (Anthony F. Troy, Mays & Valentine, Richmond, VA, on brief), for appellees Virginia Retirement System and System Holdings. (James L. Sanderlin, McGuire, Woods, Battle & Boothe and Stephen R. Larson, CSX Corp., Richmond, VA, on brief) for appellee CSX.

Before WIDENER, PHILLIPS, and WILLIAMS, Circuit Judges.

OPINION

WIDENER, Circuit Judge:

Appellants, Alan R. Kahn and Hunter A. Hogan, Jr. (Kahn), owners of RF & P securities which were subject to the transactions hereinafter mentioned, appeal the dismissal of their federal securities claim against Virginia Retirement System (VRS), Systems Holdings, Inc. (SHI) (a subsidiary of VRS), CSX Corporation (CSX), and RF & P Corporation (RF & P). The district court dismissed Kahn's claim pursuant to Fed. R...

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