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STROUGO v. SCUDDER, STEVENS & CLARK, INC.

No. 96 Civ. 2136 (RWS).

964 F.Supp. 783 (1997)

Robert STROUGO, on behalf of The BRAZIL FUND, INC., Plaintiff, v. SCUDDER, STEVENS & CLARK, INC., Defendant, and The Brazil Fund, Inc., Nominal Defendant. Robert STROUGO, on behalf of himself and all others similarly situated, Plaintiff, v. Juris PADEGS, Nicholas Bratt, Edgar R. Fiedler, Roberto Teixeira Da Costs, Ronaldo A. Da Frota Nogueira, Wilson Nolen, Edmond D. Villani, and Scudder, Stevens & Clark, Inc., Defendants.

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

May 6, 1997.

Attorney(s) appearing for the Case

Wechsler Harwood Halebian & Feffer by Joel C. Feffer, Jeffrey M. Haber, Richard B. Brualdi, of counsel, New York City, for Plaintiff.

Debevoise & Plimpton by John S. Kiernan, Jeremy Feigelson, Edward V. Di Lello, of counsel, New York City, for Defendants.

Dechert, Price & Rhoads by Bernard J. Bonn, III, of counsel, Boston, MA, for Nominal Defendant The Brazil Fund.

Ropes & Gray by John D. Donovan, Jr., Timothy J. Hinkle, Silvestre A. Fontes, of counsel, Boston, MA, for Independent Directors of The Brazil Fund One International Place.

SWEET, District Judge.

In this action alleging violations of the Investment Company Act of 1940, as amended (the "ICA"), 15 U.S.C. §§ 80a-1 et. seq., and breach of fiduciary duty under the common law, defendants Scudder, Stevens & Clark, Inc. ("Scudder"), Juris Padegs ("Padegs"), Nicholas Bratt ("Bratt"), Edmond Villani ("Villani"), Edgar Fiedler ("Fiedler"), Wilson Nolen ("Nolen"), Roberto Teixeira Da Costa ("Da Costa"), Ronaldo A. Da Frota Nogueira...

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