F. David SEINFELD, Leatrice Seinfeld, Frederick Seinfeld, et al., Plaintiffs-Appellants,
v.
K. Frank AUSTEN, Duane L. Burnham, H. Laurance Fuller, et al., Defendants-Appellees.
United States Court of Appeals, Seventh Circuit.https://leagle.com/images/logo.png
Argued September 19, 1994.
Decided November 7, 1994.
Rehearing and Suggestion for Rehearing Denied December 19, 1994.
Attorney(s) appearing for the Case
Joel M. Hellman, Chicago, IL, Bruce E. Gerstein, Scott W. Fisher (argued), Barry S. Taus, Garwin, Bronzaft, Gerstein & Fisher, New York City, for F. David Seinfeld, Leatrice Seinfeld, Frederick Seinfeld.
Robert A. Holstein, Aron D. Robinson, Bruce J. Goodhart, Holstein, Mack & Klein, Chicago, IL, for Steven Robinson.
Kenneth H. Hanson, Chicago, IL, Irving Bizar, Scott M. Gilbert, New York City, for Joseph Seplow.
Marvin A. Miller, Kenneth A. Wexler, Miller, Faucher, Cherlow, Cafferty & Wexler, Chicago, IL, for Beth Margolis.
Phil C. Neal, George M. Hoffman, William W. Davis, Neal, Gerber & Eisenberg, Chicago, IL, for K. Frank Austen, Duane L. Burnham, H. Laurance Fuller, Sir Bernard Hayhoe, Thomas R. Hodgson, David A. Jones, Boone Powell, Jr., Addison B. Rand, W. Ann Reynolds, William D. Smithburg, John R. Walter, William L. Weiss, Lael F. Johnson.
Frank Cicero, Jr., Robert J. Kopecky (argued), Craig Knot, Anne J. McClain, Kirkland & Ellis, Chicago, IL, for Abbott Laboratories.
Phil C. Neal, George M. Hoffman, Neal, Gerber & Eisenberg, Chicago, IL, for Robert N. Beck, Paul N. Clark, Gary P. Coughlan, John G. Kringel, Duncan J. McIntyre, Robert Parkinson, David A. Thompson, Joy A. Amundson, Kenneth W. Farmer, Thomas Freyman, Joseph S. Jenckes.
Before BAUER and MANION, Circuit Judges, and GRANT, District Judge.
United States Court of Appeals, Seventh Circuit.
Rehearing and Suggestion for Rehearing En Banc Denied December 19, 1994.*
MANION, Circuit Judge.
Plaintiffs below, individual shareholders of Abbott Laboratories, Inc. ("Abbott" or "the corporation"), appeal the denial of their motion to remand this case to state court and also appeal the district court's subsequent dismissal of their complaint against Abbott's Board of Directors for breach of fiduciary duty. We conclude that the...
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