ENDO v. ALBERTINE

No. 88 C 1815.

812 F.Supp. 1479 (1993)

Henry ENDO and John Lesch, Plaintiffs, v. John M. ALBERTINE, et al., Defendants.

United States District Court, N.D. Illinois, E.D.

January 29, 1993.


Attorney(s) appearing for the Case

Dennis A. Bell, Paul Felton Harvey, Bell & McGurk, Ltd., Terry Rose Saunders, Arthur T. Susman, P. Terrence Buehler, Susman, Saunders & Buehler, Charles J. Schneider, Daluga & Schneider, Ltd., Chicago, IL, for plaintiffs.

Donald E. Egan, Cook, Egan, McFarron & Manzo, Ltd., Bonita L. Stone, Lee Ann Watson, Katten, Muchin & Zavis, Chicago, IL, for defendants John M. Albertine, Leon D. Black, Richard M. Cion, William F. Farley, William K. Hall, Douglas M. Finney, Robert J. Meier, Fruit of the Loom, Inc.

James Andrew Klenk, Bernard J. Nussbaum, Sonnenschein, Nath & Rosenthal, Chicago, IL, Joel M. Leifer, New York City, for defendants Drexel Burnham Lambert, Inc., Merrill Lynch Capital Markets, E.F. Hutton & Co., Inc., Shearson Lehman Hutton, Inc., Dean Witter Reynolds, Inc.

Robert D. McLean, John M. George, Christopher W. Frost, Jeffrey R. Tone, Sidley & Austin, Chicago, IL, for defendant Arthur Andersen & Co.

Jerold Sherwin Solovy, Joel J. Africk, Jenner & Block, Patricia A. McGovern, Carl D. Liggio, Arthur Young & Company, New York City, for defendant Arthur Young & Co.


MEMORANDUM OPINION AND ORDER

ALESIA, District Judge.

I. Background

Plaintiffs Henry T. Endo ("Endo") and John Lesch ("Lesch")1 brought this action against defendants Fruit of the Loom, Inc. ("Fruit of the Loom" or "the Company"), various directors and officers of Fruit of the Loom (collectively "Officer and Director defendants") including William F. Farley ("Farley...

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