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SHIELDS v. SINGLETON

Docket No. B051487.

15 Cal.App.4th 1611 (1993)

19 Cal. Rptr.2d 459

RODNEY B. SHIELDS, Plaintiff and Appellant, v. HENRY E. SINGLETON et al., Defendants and Respondents.

Court of Appeals of California, Second District, Division Five.

May 20, 1993.

Attorney(s) appearing for the Case

COUNSEL

Milberg, Weiss, Bershad, Specthrie & Lerach, William S. Lerach, Alan Schulman, Kevin P. Roddy, Greenfield & Chimicles, Patrick J. Grannan and Richard D. Greenfield for Plaintiff and Appellant.

Irell & Manella, Gregory R. Smith, David Siegel, David I. Gindler, Daniel P. Lefler, Latham & Watkins, William J. Meeske, Brian C. Riopelle, Heller, Ehrman, White & McAuliffe, M. Laurence Popofsky, Miles N. Ruthberg, Pamela S. Palmer and Steven A. Blum for Defendants and Respondents.

OPINION

ARMSTRONG, J. —

Introduction

In this shareholder derivative action plaintiff Rodney B. Shields is suing on behalf of Teledyne, Inc. (the Company) to recover for the Company damages it allegedly suffered due to the unlawful activities of certain employees of a subsidiary of the Company. The defendants to this action may be divided into three groups: The directors of the Company (Henry E. Singleton [who...

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