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  5. 26 F.Supp.2d 577 (1997)
 

UNION OF NEEDLETRADES v. MAY DEPT. STORES

No. 97 CIV. 3120(JGK).

26 F.Supp.2d 577 (1997)

UNION OF NEEDLETRADES, INDUSTRIAL AND TEXTILE EMPLOYEES ("UNITE"), et al., Plaintiffs, v. The MAY DEPARTMENT STORES COMPANY, Defendant.

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

November 14, 1997.

Attorney(s) appearing for the Case

Friedman & Kaplan LLP, New York City, for Plaintiffs; Eric Seiler, Lance J. Gotko, of counsel

Skadden, Arps, Slate, Meagher & Flom LLP, New York City, for Defendant; Robert E. Zimet, Susan L. Saltzstein, William J. Hine, of counsel.

KOELTL, District Judge.

This is a motion to dismiss a complaint alleging violations of the Securities Exchange Act of 1934 (the "Exchange Act") and the regulations promulgated thereunder by the Securities and Exchange Commission (the "SEC").1 The plaintiffs, Union of Needletrades, Industrial and Textile Workers ("Unite"), Southern Regional Board of Unite, and the May Company Independent Shareholders Committee (collectively, "UNITE"), seek...

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