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LERNER v. FNB ROCHESTER CORP.

No. 93-CV-6114T.

841 F.Supp. 97 (1993)

Paul LERNER, on behalf of himself and all others similarly situated, Plaintiff, v. FNB ROCHESTER CORP., First National Bank of Rochester, Wilbur F. Beh, Richard A. Calabrese, John Piraino, Jr., Richard J. Elliott, Herbert N. Stern, Leonard Relin, Francis Guenther, Yapi Ve Kredi Bankasi A.S., the Cukurova Group, and Elliott, Stern & Calabrese, Defendants.

United States District Court, W.D. New York.

September 28, 1993.

Attorney(s) appearing for the Case

Richard D. Greenfield, Richard D. Greenfield & Partners, New York City, Fredric I. Lazarus, Richard D. Greenfield & Partners, Haverford, PA, Mark C. Rifkin, Greenfield & Rifkin, Haverford, PA, for Lerner.

Kenneth A. Payment, Harter, Secrest & Emery, Rochester, NY, for FNB Rochester Corp., and First Nat. Bank of Rochester.

Russell I. Zuckerman, Underberg & Kessler, Rochester, NY, for Wilbur F. Beh.

Michael W. Malarney, Elliott, Stern & Calabrese, Rochester, NY, for Piraino, Elliott, Stern, Relin, Tremont and Guenther.

John S. Willems, White & Case, New York City, for the Cukurova Group.

Richard A. Calabrese, Elliott, Stern, Calabrese & Higgins, Rochester, NY, for Elliott, Stern & Calabrese.

Richard J. Holwell, John S. Willems, White & Case, New York City, for Yapi Ve Kredi Bankasi, A.S.

DECISION AND ORDER

TELESCA, Chief Judge.

INTRODUCTION

This is a shareholder class action brought against the First National Bank of Rochester, its corporate parent, FNB Rochester Corp. ("FNBR"), certain of its former directors and/or officers, its former law firm (all collectively referred to as "the FNBR defendants") and Yapi Ve Kredi Bankasi A.S. ("Yapi")1, a Turkish banking company which had intended to acquire FNBR...

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