DELTA STAR, INC. v. PATTON

No. Civ.A.96-2183.

76 F.Supp.2d 617 (1999)

DELTA STAR, INC., Plaintiff and Counterclaim deft., v. Andrew W. PATTON, Defendant and Counterclaim pltf., v. The Delta Star Benefit Restoration Plan, The Delta Star Supplemental Executive Retirement Plan, The Delta Star Employee Stock Ownership Plan, and The Trustees of the Delta Star Employee Stock Ownership Plan, Add'l. counterclaim Defendants.

United States District Court, W.D. Pennsylvania.

June 10, 1999.


Attorney(s) appearing for the Case

Arthur H. Stroyd, Daniel E. Wille, John G. Ferreira, Stephen J. Del Sole, Hannah Lawrence Thompson, Reed, Smith, Shew & McClay, Pittsburg, PA, Will Barnett Fitton, Peter J. Wilson, David W. Barby, Latham & Watkins, Costa Mesa, CA, for Delta Star, Inc.

Wayne C. Holcombe, Cohen & Grigsby, Pittsburgh, PA, Robert C. Wood, Eric J. Sorenson, Jr., Edmunds & Williams, Lynchburg, VA, for Andrew W. Patton.

Mark S. Frank, Aderson, Frank & Steiner, Pittsburg, PA, Robert C. Wood, Eric J. Sorenson, Jr., Edmunds & Williams, Lynchburg, VA, for James E. Austin.

Arthur H. Stroyd, Daniel E. Wille, John G. Ferreira, Stephen J. Del Sole, Hannah Lawrence Thompson, Reed, Smith, Shew & McClay, Pittsburg, PA, for Delta Star Benefit Restoration Plan.

Arthur H. Stroyd, Daniel E. Wille, John G. Ferreira, Stephen J. Del Sole, Hannah Lawrence Thompson, Reed, Smith, Shew & McClay, Pittsburg, PA, Peter J. Wilson, Joseph M. Yaffe, Latham & Watkins, Costa Mesa, CA, for Delta Star Supplemental Executive Retirement Plan.

Arthur H. Stroyd, Daniel E. Wille, John G. Ferreira, Stephen J. Del Sole, Hannah Lawrence Thompson, Reed, Smith, Shew & McClay, Pittsburg, PA, for Delta Employee Stock Ownership Plan.

Ralph A. Finizio, Houston Harbaugh Two Chatham Center, Pittsburgh, PA, for Christian N. Pany.


FINDINGS OF FACT

BLOCH, District Judge.

I. Parties

1. Plaintiff, Delta Star, Inc. (Delta Star), is a Delaware corporation engaged in the business of manufacturing medium power transformers and other electrical equipment.

2. Defendant, Andrew W. Patton (Patton), is the former President of Delta Star and the former Chairman of the Delta Star Board of Directors (Delta Star Board).

3. The additional parties to this action...

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