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HALEBIAN v. BERV

No. 06 Civ. 4099 (NRB).

631 F.Supp.2d 284 (2007)

John HALEBIAN, individually and on behalf of all other similarly situated trust beneficiaries and derivatively on behalf of Citifunds Trust III, Plaintiff, v. Elliot J. BERV, Donald M. Carlton, A. Benton Cocanougher, Mark T. Finn, Stephen Randolph Gross, Diana R. Harrington, Susan B. Kerley, Alan G. Merten, and R. Richardson Pettit, Defendants, and Citifunds Trust III, Nominal Defendant.

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

July 31, 2007.

Attorney(s) appearing for the Case

Joel C. Feffer, Esq., Daniella Quitt, Esq., James G. Flynn, Esq., Harwood Feffer LLP, New York, NY, for Plaintiff.

Jeffrey A. Simes, Esq., Goodwin Procter LLP, New York, NY, Matthew Hoffman, Esq., Michael K. Isenman, Esq., Goodwin Proctor LLP, Washington, DC, James S. Dittmar, Esq., Goodwin Procter LLP, Boston, MA, Jonathan G. Kortmansky, Esq., Sullivan & Worchester LLP, New York, NY, for Defendants.

MEMORANDUM AND ORDER

NAOMI REICE BUCHWALD, District Judge.

Plaintiff John Halebian ("plaintiff") brings this action individually and on behalf of all other similarly situated beneficiaries of the Citifunds Trust III ("Citi-Trust" or the "Trust") against its trustees ("defendants" or "trustees"). Plaintiff's claims arise out of the trustees' decision to approve new advisory agreements. Plaintiff asserts that the trustees ignored the best interests of the...

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