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CANTOR v. PERELMAN

No. C.A.97-586 MPT.

235 F.Supp.2d 377 (2002)

Ronald CANTOR, Ivan Snyder and James A. Scarpone, as Trustees of the Mafco Litigation Trust, Plaintiffs, v. Ronald O. PERELMAN, Mafco Holdings, Inc., Macandrews & Forbes Holdings, Inc., Andrews Group, Inc., William C. Bevins, and Donald G. Drapkin, Defendants.

United States District Court, D. Delaware.

December 9, 2002.

Attorney(s) appearing for the Case

Lawrence C. Ashby, Esquire, and Philip Trainer, Jr., Esquire, Ashby & Geddes, Wilmington, for Plaintiffs.

Anthony W. Clark, Esquire, Paul J. Lockwood, Esquire, and Patrick W. Straub, Esquire, Skadden, Arps, Slate, Meagher & Flom, LLP, Wilmington, for Defendants.

MEMORANDUM

THYNGE, United States Magistrate Judge.

I. Introduction

In this case, plaintiffs, the trustees of the MAFACO litigation trust,1 allege breach fiduciary duties against Ronald O. Perelman, William C. Bevins, Donald G. Drapkin, Mafco Holdings Inc., MacAndrews & Forbes Holdings Inc., and Andrews Group Incorporated for their involvement in a series of note transactions. Presently before the court are...

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