HUSVAR v. RAPOPORT

No. 01-4254.

337 F.3d 603 (2003)

James R. HUSVAR, Sidney B. Gutzwiller, Robert V. Caruso, and Ronald W. Barnett, individually and as the representatives of the plaintiff class, Plaintiffs-Appellants, v. Michel RAPOPORT, William A. Marquard, Thomas R. Wall, IV, and Robert A. Young, III, Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

Decided and Filed July 23, 2003.


Attorney(s) appearing for the Case

Richard S. Wayne (briefed), Strauss & Try, Cincinnati, OH, Robert A. Steinberg (argued and briefed), Waite, Schneider, Bayless & Chesley, Cincinnati, OH, for Plaintiffs-Appellants.

Marcus R. Mumford, Skadden, Arps, Slate, Meagher & Flom, Washington, DC, James C. Sheil, Susan L. Saltzstein (briefed), Robert E. Zimet (argued and briefed), Skadden, Arps, Slate, Meagher & Flom, New York, NY, Richard L. Creighton, Jr., Keating, Muething & Klekamp, Cincinnati, OH, for Defendants-Appellees.

Before GUY, BOGGS, and DAUGHTREY, Circuit Judges.


OPINION

DAUGHTREY, Circuit Judge.

The plaintiffs, all of whom are shareholders and former employees of Mosler, Inc., brought this class action in Ohio state court against the company itself and against four members of the Mosler board of directors, seeking recompense for the diminution in value of company stock that, in part, was used to fund employee retirement plans. Although the plaintiffs couch their causes of action in terms of direct and derivative...

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