GWOZDZINSKY v. MAGTEN ASSET MANAGEMENT CORP.

No. 95 Civ. 3023 (RWS).

913 F.Supp. 310 (1996)

Margaret GWOZDZINSKY, Derivatively on Behalf of REVCO D.S., INC., Plaintiff, v. MAGTEN ASSET MANAGEMENT CORP.; Talton R. Embry; General Motors Hourly-Rate Employees Pension Plan; General Motors Retirement Program for Salaried Employees; L.A. Fire & Police Pension Systems-Fund 2525; Western Union Pension Trust; The Bakal Company; The Core Investment Limited Partnership; Levi Family Trust; H. Allen Luray; Pearlstone 54 Trust; Ellen's Trust U/W J.H. Pearlstone; Jennifer Russell and Revco D.S., Inc., Defendants.

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

February 6, 1996.


Attorney(s) appearing for the Case

Bragar & Wexler, P.C. (Paul D. Wexler, of counsel), New York City, Ostrager, Chong & Flaherty, P.C., New York City, for Plaintiff.

Richards Spears Kibbe & Orbe (Lee S. Richards, Leanore Barth, of counsel), New York City, for Defendants Magten Asset Management Corp., Talton R. Embry, General Motors Hourly-Rate Employees Pension Plan, General Motors Retirement Program, L.A. Fire & Police Pension Systems-Fund 2525, Western Union Pension Trust, the Bakal Company, The Core Investment, L.P., Levi Family Trust, H. Allen Luray, Pearlstone 54 Trust, Ellen's Trust U/W J.H. Pearlstone, and Jennifer Russell.


OPINION

SWEET, District Judge.

Defendants Magten Asset Management Corp. ("Magten"), Talton R. Embry ("Embry"), General Motors Hourly Rate Employees Pension Plan, General Motors Retirement Program for Salaried Employees, L.A. Fire & Police Pension Systems-Fund 2525, Western Union Pension Trust, The Bakal Company, The Core Investment Limited Partnership, Levi Family Trust, H. Allen Luray, Pearlstone 54 Trust, Ellen's Trust U/W J.H. Pearlstone, and...

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