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ROSENBERG v. XM VENTURES

No. CIV. A. 00-528 GMS.

129 F.Supp.2d 681 (2001)

Aron ROSENBERG, Plaintiff, v. XM VENTURES, a Maryland Trust, and Motient Corporation, a Delaware Corporation, Defendants.

United States District Court, D. Delaware.

January 23, 2001.

Attorney(s) appearing for the Case

Joseph A. Rosenthal, Jeffrey S. Goddess, Rosenthal, Monhait, Gross & Goddess, Wilmington, DE, Law Office of Jeffrey S. Abraham (Jeffrey S. Abraham, of counsel), Jack G. Fruchter, Mitchell M.Z. Twersky, Fruchter & Twersky, New York, NY, for Plaintiff.

Allen M. Terrell, Jr., Peter B. Ladig, Richard, Layton, & Finger, Wilmington, Timothy J. Finn, Jones, Day, Reavis & Pogue, Washington, DC for Defendants.

MEMORANDUM AND ORDER

SLEET, District Judge.

The plaintiff, Aron Rosenberg ("Rosenberg") owns shares of stock of the defendant Motient Corporation ("Motient" or "the Company"). On June 5, 2000, Rosenberg filed a shareholder derivative lawsuit against Motient and an entity known as XM Ventures ("XM"). In this action, Rosenberg requests, among other things, that the court order XM to transfer to Motient...

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