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SILVER v. ALLARD

Nos. 97 C 8343, 97 C 8617.

16 F.Supp.2d 966 (1998)

Sidney J. SILVER, and Rebecca Whelan, derivatively and on behalf of Unicom Corporation and Commonwealth Edison Company, Illinois Corporations, Plaintiffs, v. Jean ALLARD, Edward A. Brennan, James W. Compton, Bruce Demars, Sue L. Gin, Donald P. Jacobs, Edgar D. Jannotta, George E. Johnson, Edward A. Mason, Leo F. Mullin, James J. O'Connor, Frank A. Olson, and Samuel K. Skinner, Defendants, and Unicom Corporation and Commonwealth Edison Company, Illinois Corporations, Nominal Defendants. Steven J. GUTTER, derivatively and on behalf of Unicom Corporation and Commonwealth Edison Company, Illinois Corporations, Plaintiffs, v. Jean ALLARD, Edward A. Brennan, James W. Compton, Bruce Demars, Sue L. Gin, Donald P. Jacobs, Edgar D. Jannotta, George E. Johnson, Edward A. Mason, Leo F. Mullin, James J. O'Connor, Frank A. Olson, and Samuel K. Skinner, Defendants, and Unicom Corporation and Commonwealth Edison Company, Illinois Corporations, Nominal Defendants.

United States District Court, N.D. Illinois, Eastern Division.

August 18, 1998.

Attorney(s) appearing for the Case

Marvin Alan Miller, Kenneth A. Wexler, Miller, Faucher, Cafferty and Wexler, L.L.P., Chicago, IL, Stuart H. Savett, Savett, Frutkin, Podell & Ryan, P.C., Philadelphia, PA, Paul O. Paradis, Pomerantz, Levy, Haudek, Block & Grossman, New York, NY, Marc I. Gross, New York, NY, Arnold Levin, Levin, Fishbein, Sedran & Berman, Philadelphia, PA, for Plaintiffs.

Barbara S. Steiner, Anton Ronald Valukas, C. John Koch, Mark D. Pollack, Jenner & Block, Chicago, IL, for Jean Allard, Edward A. Brennan, James W. Compton, Bruce Demars, Sue L. Gin, Donald P. Jacobs, Edgar D. Jannotta, George E. Johnson, Edward E. Mason, Leo F. Mullin, James J. O'Connor, Frank A. Olson, Samuel K. Skinner.

Janice R. Forde, Kevin Michael Forde, Mary Anne Elizabeth Mason, Kevin M. Forde, Ltd., Chicago, for Unicom Corp.

OPINION AND ORDER

NORGLE, District Judge.

Before the court are the motions of Defendants and Nominal Defendants to dismiss [Docket Nos. 48-1; 50-1] Plaintiffs' consolidated complaint. For the following reasons, the motions of Defendants and Nominal Defendants are granted.

I. BACKGROUND

On May 8, 1998, Plaintiffs, Sidney J. Silver, Rebecca Whelan, and Steven J. Gutter, as shareholders1 of Unicom Corporation...

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