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KAUFMAN v. SHOENBERG

Civ. A. No. 1413.

154 F.Supp. 64 (1954)

R. Lisbeth F. KAUFMAN, on behalf of herself and all other stockholders of C.I.T. Financial Corporation, similarly situated, Plaintiff, v. Sydney M. SHOENBERG, Melbourne Bergerman, Robert Lehman, Phillip W. Haberman, Leo H. Spanyol, George H. Zimmerman, Fred W. Hautau, Henry Ittleson, Jr., Arthur O. Dietz, Fred Meissner, John M. Schiff, Edwin C. Vogel, C.I.T. Financial Corporation, Ernest Kanzler, Thomas May, Johnfritz Achelis, Hugh B. Baker, Ellis H. Carson, Jarvis Cromwell, Stanley B. Ecker, Morton J. May, Claude L. Hemphill, George R. Urquhart, Charles S. McCain, George E. Warren, Defendants.

United States District Court D. Delaware.

February 15, 1954.

Attorney(s) appearing for the Case

William Marvel (of Morford, Bennethum & Marvel), Wilmington, Del., and Stanley L. Kaufman (of Kaufman, Imberman & Taylor), New York City, for plaintiff.

Henry M. Canby and Caleb S. Layton (of Richards, Layton & Finger), Wilmington, Del., Albert R. Connelly and Edward C. Perkins (of Cravath, Swaine & Moore), New York City, for defendant C. I. T. Financial Corp.

RODNEY, District Judge.

Plaintiff as a stockholder of the corporate defendant filed her complaint in this action and a complaint in the Court of Chancery of the State of Delaware on the same day, viz., November 6, 1951. The Chancery complaint as amended consisted of eleven causes of action whereas the complaint in this case is composed of two causes of action. However, in both proceedings the crux of her charges was that a proxy statement submitted by defendant to...

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