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BRONZAFT v. CAPORALI

162 Misc.2d 281 (1994)

616 N.Y.S.2d 863

Arline L. Bronzaft, Derivatively and on Behalf of Grumman Corporation, Plaintiff, v. Renso L. Caporali et al., Defendants, and Grumman Corporation, Nominal Defendant. Harry Lewis, Derivatively and on Behalf of Grumman Corporation, Plaintiff, v. Renso L. Caporali et al., Defendants, and Grumman Corporation, Nominal Defendant.

Supreme Court, New York County.

August 24, 1994

Attorney(s) appearing for the Case

Sidley & Austin, New York City (Francis J. O'Toole, P. David Richardson, Steven Bierman and Robert J. Conlan, Jr., of counsel), and Debevoise & Plimpton, New York City (Andrew C. Hartzell, Jr., John S. Kiernan and Carl Oberdier of counsel), for Grumman Corporation and others, defendants. Gordon, Altman, Butowsky, Weitzen, Shalov & Wein, New York City (Lawrence J. Zweifach of counsel), and Williams & Connolly, Washington, D.C. (John J. Buckley, Jr., of counsel), for John O'Brien, defendant. Wechsler, Skirnick, Herwood, Halebian & Feffer, New York City (Robert I. Harwood of counsel), and Goodkind, Labaton, Rudoff & Suchrow, New York City (Ira Schochet of counsel), for Arline L. Bronzaft and Harry Lewis, plaintiffs.

HERMAN CAHN, J.

Motion sequence numbers 001, 002 and 003 of action bearing index No. 120435/93 and motion sequence numbers 001, 002 and 003 of action bearing index No. 117218/93 are consolidated for disposition.

These two shareholder derivative actions are brought against the Grumman Corporation (Grumman) and certain of its current and former directors and officers. Briefly stated, the plaintiffs allege...

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