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IN RE BIG WHEEL HOLDING CO., INC.

Nos. 93-796, 93-797 and 93-798, CIV. A. No. 97-181-RRM.

214 B.R. 945 (1997)

In re BIG WHEEL HOLDING COMPANY, INC., Fishers Big Wheel, Inc., and Big Wheel of Michigan, Inc., Debtors. Darrel H. COX; Mike Pasulka and Kayvonne Pasulka; Robert W. Lytle and Geraldine Lytle; Merritt R. Cramer and Patricia Cramer; Zachary E. Sideris and Susan P. Sideris; Homer W. Helter and Diana Helter; John N. Tomasetti and Kathleen M. Tomasetti; Richard P. Giordano, Jr., and Sandra M. Giordano; Kenneth G. Carothers and Marie Carothers; Bette McDevitt; Carl Schwartz and Constance E. Schwartz; Edward J. Gerrick and Jacqueline E. Gerrick; Richard L. Gary, Sr., and Stella M. Gary; Larry Joe Lynn and Jennifer S. Lynn; Patrick D. Nicholson and Barbara A. Nicholson; Norman J. Henderson and Edith R. Henderson; Allan B. Cunningham, Sr. and Jacquelyn L. Cunningham; Stephen Reinhard and Paula Reinhard; Arthur L. Beck; Steve Lynn; Charles R. Ford and Catherine Ann Ford; Janet Smith; Sidney Altschuler; Dorothy Lou Gleich; Bernard Davis and Ruth Lillian Davis; Hac & Company; Ada L. Pearlstein; Robert W. Figuly and Bertha V. Figuly; John M. Len, II; Lynne Davis Dellinger; Clara Scilla; David F. Ruppen and Mary Carol Ruppen; Elizabeth A. Conner; Josephine Delillo; Stanley Brenner and Naomi Brenner; Marene Rothman, Custodian for Cheryl G. Rothman, and Gregory A. Rothman; Jacqueline Amper; Thomas J. Devlin, Jean E. Devlin and Thomas J. Devlin, Jr.; Stephen A. Rowe and Barbara A. Rowe; Wallace Ave. Assoc.; and Albert A. Agostonelli, Jr. and A.A. Agostonelli, III, Plaintiffs, v. Marshall HESS; Marianne Hess; Ruth-Ann Mendel; Gail Wolpin; Carolyn Hess-Abraham; Andrew Hess; Daniel Hess; Gail Wolpin, Custodian Under the Uniform Gift to Minors Act for Daniel Wolpin and Laura Wolpin; Ruth-Ann Mendel, Trustee Under the Agreement Known as The Lawrence Fisher Trust for the Benefit of Michael Fisher; Ruth-Ann Mendel, Custodian Under the Uniform Gift to Minors Act for Michael Fisher; Ruth-Ann Mendel, Trustee Under the Agreement Known as the Lawrence Fisher Trust for the Benefit of Diana Fisher; and Ruth-Ann Mendel, Custodian Under the Uniform Gift to Minors Act for Diana Fisher, Defendants.

United States District Court, D. Delaware.

November 19, 1997.

Attorney(s) appearing for the Case

David B. Stratton, and David M. Fournier, Esquire, Pepper, Hamilton & Scheetz, Wilmington, DE, Stephen J. Laidhold, David W. Lampl, and Thomas M. Ferguson, Sable, Makoroff & Gusky, P.C., Pittsburgh, PA, for plaintiffs.

Neil Glassman, Bayard, Handelman & Murdoch, P.A., Wilmington, DE, Robert J. Rosenberg, and James E. Brandt, Latham & Watkins, New York City, for defendants.

OPINION

McKELVIE, District Judge.

This is a bankruptcy case. Big Wheel Holding Company, Inc., Fishers Big Wheel, Inc., and Big Wheel of Michigan, Inc. (collectively referred to herein as "Big Wheel") are debtors in a Chapter 11 proceeding. Big Wheel is a privately held corporation. Plaintiffs in this action are a group of shareholders that own approximately 4% of the shares of Big Wheel. Defendants own approximately...

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