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MERINO VINAS v. BOTO

Civ. No. 90-1970 HL.

827 F.Supp. 83 (1993)

Rafael MERINO VINAS, et al., Plaintiffs, v. Alfonso BOTO, et al., Defendants. Ferreteria Merino, Inc., Nominal Defendant.

United States District Court, D. Puerto Rico.

July 2, 1993.

Attorney(s) appearing for the Case

Patrick D. O'Neill-Cheyney, Ruben Nazario-Velasco, Patrick D. O'Neill-Cheyney, Martinez, Odell & Calabria, Hato Rey, PR, for plaintiffs.

Roberto Corretjer-Piquer, Hato Rey, PR, Guillermo J. Bobonis, Condado, PR, for defendants.

OPINION AND ORDER

LAFFITTE, District Judge.

Before the Court are cross-motions for summary judgment in this derivative action for declaratory and injunctive relief brought under section 10(b)1 of the Securities Exchange Act of 1934 and Rule 10b-5.2 Plaintiffs3 are shareholders of nominal defendant Ferreteria Merino, Inc., a close corporation4

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