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SCHONFELD v. HILLIARD

No. 95 CIV. 3052 MBM.

62 F.Supp.2d 1062 (1999)

Reese SCHONFELD, individually and derivatively as a shareholder of International News Network, Inc., Plaintiff, v. Russ HILLIARD, Les Hilliard and International News Network, Inc., Defendants.

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

February 1, 1999.

Attorney(s) appearing for the Case

Louise M. Aponte, Bruce E. Fader, Proskauer Rose Goetz & Mendelsohn, New York City, for Plaintiff.

William G. Dittrick, Jill Robb Ackerman, Baird, Holm, McEachen, Pedersen, Hamann & Strasheim, Omaha, NE, for Russ Hilliard and International News Network, Inc.

James P. Murphy, Murphy, Kirkpatrick & Fain, Billings, MN, for Les Hilliard.

OPINION AND ORDER

MUKASEY, District Judge.

Plaintiff Reese Schonfeld, on behalf of himself and derivatively as a one-third shareholder of International News Network, Inc. ("INN"), sues Russ Hilliard and his brother, Les Hilliard, for various damages arising from the breach of an oral contract. Under the alleged contract, the Hilliards were obligated to finance a contemporaneously executed interim supply agreement between INN and the British Broadcasting...

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