Robert STROUGO, on Behalf of THE BRAZIL FUND, INC., Plaintiff,
v.
Juris PADEGS, Nicholas Bratt, Edgar R. Fiedler, Roberto Teixeira da Costa, Ronaldo A. Da Frota Nogueira, Wilson Nolen, Edmond D. Villani, and Scudder, Stevens & Clark, Inc., Defendants,
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 Costa, Ronaldo A. Da Frota Nogueira, Wilson Nolen, Edmond D. Villani, and Scudder, Stevens & Clark, Inc., Defendants.
United States District Court, S.D. New York.https://leagle.com/images/logo.png
December 1, 1997.
December 1, 1997.
Attorney(s) appearing for the Case
Wechsler Harwood Halebian & Feffer, New York City, NY, Joel C. Feffer, Jeffrey M. Haber, of counsel, for Plaintiff.
Simpson Thacher & Bartlett, New York City, NY, Michael J. Chepiga, Chet A. Kronenberg, of counsel, for Nominal Defendant The Brazil Fund Inc.
Debevoise & Plimpton, New York City, NY, John S. Kiernan, Jeremy Feigelson, Edward V. Di Lello, of counsel, for Defendants.
Ropes & Gray, Boston, MA, John D. Donovan, Jr., Timothy J. Hinkle, Silvestre A. Fontes, of counsel, for Independent Directors of The Brazil Fund.
United States District Court, S.D. New York.
OPINION
SWEET, District Judge.
Nominal defendant The Brazil Fund, Inc. (the "Fund") has moved, pursuant to Rule 23.1 of the Federal Rules of Civil Procedure, for a stay of all proceedings for three months to permit the Special Litigation Committee of the Board of Directors of the Fund (the "SLC") to investigate the allegations of this lawsuit and to act in accordance with the findings of that investigation...
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